TREASURY BILLS.

Bush Advocate, Volume XXI, Issue 96, 21 October 1908, Page 8

TREASURY BILLS.

[press association.]' CHRISTCHURCH, last night. The following paragraph appears in. the Press this morning: "A cable message was published by us on Saturday, stating that . £1,000,000 worth of New Zealand bills of one year's currency had begun to be placed on the London market on a basis of aboxit 3J per cent. We printed the message as it came, but -expressed the belief that., a mistake had been made in transmission. We referred the matter to the Prime Minister, who. very courteously' replied early this morning as follows : 'I do not understand the oable myself. No Treasury Bills of any kind have been authorised to be used, aior has any authority for £1,000,000 been given by mo. I am inquiring into the matter.' "