COLONIAL BORROWING.
(PBB PBEBB ASSOCIATION.) Received February Bth, 8 p.m. London, February 7. The Economist believes that the South Australian Loan failed because the underwriters were not sufficiently tempted, and states that is will be unfortunate if the other colonies are forced to yield to the underwriters' demands. The same paper considers if the Victorian loan is issued shortly the loan agents will be uuable to place ib within 4 and perhaps 5 per cent, of the loan of two years ago. The Economist further considers that the internal issue of a loan on land sales is worth consideration, and it is advisable to abolish the minimum system. Received February Bth, 6.30 p.m. London, February 7. The balance of the South Australian loan is being taken up freely. The Statist advocates that colonial loans should be underwritten and partially subscribed in the colonies, otherwise it states it will not be surprised to hear of their failing to float in London.
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Press, Volume XLVIII, Issue 7782, 9 February 1891, Page 5
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160COLONIAL BORROWING. Press, Volume XLVIII, Issue 7782, 9 February 1891, Page 5
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