GOVERNMENT LOANS.
THE BATE OF INTEREST. (By Telegraph.—Preßa Association:) WELLINGTON, Tuesday. '"It lias ibeen said that wo have little prospect of raising loans at 5 per cent free from income tax," said the Prime Ministc-r in the House of Representatives to-Tiijrht. "Let mc tell the hon. gentleman that since the House met we have raised some hundreds of thousands of pounds from outs-/e at 5 per cent without any freedom from income tax." Mr. Massey said that it was the intention of the Government to move to increase the maximum rate of interest when the Loan Bill came down. It is understood that Mr. Massey hopes to raise 'his loan in November at 5i per cent without exemption from income tax.
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Auckland Star, Volume LI, Issue 197, 18 August 1920, Page 8
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121GOVERNMENT LOANS. Auckland Star, Volume LI, Issue 197, 18 August 1920, Page 8
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