INTEREST ON LOANS.
POSITION *OF STOCK EXCHANGE.
MR. HOLLAND CONTRADICTED.
At the noon call of the Auckland Brokers' Association to-day the actingthairnian, Mr. John Frater read the following telegram from the Wellington Stock Exchange:—'This Exchange is contradicting in the Press Mr. Holland s Statement that Stock Exchanges favour reduction of interest, on Government loans." , , ~ Mr. Prater said that as far as the Auckland Exchange was concerned the position taken aip was against any interference "with the -terms of contract entered into when the. loans were raised. Ine Exchange considered it would be very damaging to the credit of New Zealand if rates of interest were reduced on public ioans. At the present time the credit of New Zealand stood well overseas, as compared with 'that of Australia, and tne Government -could go on the market either in the Dominion or abroad to raise a loan if it desired to do so, with every confidenee that it would succeed, notwithstanding the depressed times.
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Bibliographic details
Auckland Star, Volume LXII, Issue 262, 5 November 1931, Page 4
Word Count
162INTEREST ON LOANS. Auckland Star, Volume LXII, Issue 262, 5 November 1931, Page 4
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