THE FIVE MILLION LOAN.

Auckland Star, Volume XLI, Issue 272, 16 November 1910, Page 4

THE FIVE MILLION LOAN.

FURTHER MDJIBtKRML'SMBf ."' ment. ;:;■'• (By Telegraph.—.Parllameatary-.llepotfti'.t :' WELLENGTON, : Sir Joseph Ward 'brought on.'ait in- : teresting little debate'"in the Beuse of Represen-tatives this aitcniodii.'"He' explained ait the outset that the lecent £5,000,000 loan was made up .thus: Advances to settlers, £ l'js<W,oiW'"a3Mois to -workers, £500,000; naval,:rftfenw loan (Dreadnought loan).: jfii.JSojjoO; and to public works and JoanSj?£ 000. When he made ihisannooliceineat on Friday he <had hot a.ll ; the infernaitJon by him, ihehce his* present , coixeeßoi

The Prime Minister mentroaed;: thit he had cabled to the 'High CoimaiasHmer, complaining of a 'premature leakage »f information about the loan negotiations. The reply was that the leakage -was quite unavoidable in Sir Joseph added that he had not desired to make any statement,jahoufc iheiioan till Tuesday, when the arrangements ivrouH have been completed. '"-M?.:.l(ieiiC r Jad been successfully negotiated a±x£9&-10/ Tor five millions, the raised by New ZeaJaJed-.W-JQSfei^ie. He-tba<i fixed the arooant ;ti i a " Sir Joseph.- Wftrd,Massey, eaad that .4^'3^ } fijjl,iistsiiderwriting;ithe. loan •waiMuie pereeati the ordinary;- rate.,. -■■%■• ■ ?" •■