DECLINE IN SECURITY VALUES.

Auckland Star, Volume LVI, Issue 88, 15 April 1925, Page 6

DECLINE IN SECURITY VALUES.

RAILWAYS DROP OVER 3 TEE CENT. . (From Our Own Correspondent.) LONDON, February. 26. No question' is more bandied about in the intermfnable discussions of our national policy than the distribution of public support in the way of loans to foreign countries and to the various > British possessions. As we noted recently, out of the 224 millions of new capital issues in the year 1924, 163 millions remain within the Empire, of which 58J millions went to Australia and New Zealand and Canada. - That is to say, 73 pet cent of the capital issues in this countrywere claimed by some part or other of the British Dominions. We are able now to add from the "Bankers' Manager Magazine," whose calculations of security values shows that some interesting- changes took place in the market valuation of colonial securities. The date taken is January 20, 1925, and ft comparison is shown with December 17, 1924. Tho analysis shows that eight Colonial Government stocks were va»aed at £70,325,000 on January 20, showing, a decline of £217.000 on the month, or 0.3 per cent. Eight .Colonial Corporation stocks were valued at £ 20,087,000, a decline of £81,000, or 0.4 per cent. Turning to railways, five Indian railway stocks were valued at' £ 20,262,000, revealing a rise of £70,000, or 0.3 per cent. Five colonial railway securities declined in value of £4,250,000, or 3.7 per cent.