AUSTRALIAN BILLS.
What Wffl Be Rate of Renewal! In London? j NEW ZEALAND COMPARISON. | LONDON. December 27. } In view of tie Commonwealta'S j inability to discharge the £5..0TO ; 000 bills which are mature c-a Beeemoer «»1, with the Westminster Bamc. tne interesting p:>int at the moment k the rate at 'which a renewal is to he expected. The rate of £t> 3/3 per cent at which j Xew Zealand biiis were placed on > December 15. has been mentioned, bat general opinion is that tne market j finances of the two Dominions cannot oe judged on the same basis. In the cite of Australia the expectation has been that the cent above bank rate would be asked: but tie Australian Press understands that tne j marked swing of tne political penduann j in the Commonwealth is likely to tell in [ its favour and that a renewal at 6i per cent as not- overmuch to hope xor.
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Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 7
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155AUSTRALIAN BILLS. Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 7
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