CHEAP MONEY.
The Government (says the North Otaqo Times) will have to hurry up with their cheap money scheme, or they will be out of ft altogether ia this district. The other day £60,000 was advertiaed to be loaned at I and 6 per cent. Already £55,000 Has been applied for. Wβ may mention that • • j U °*? rnnMmt s intention to borrow to ieud-at 5 per cent, did nob induce a reduction in the rate of interest in this instance for the money is not New Zealand money at jfd^unS.^ 6 beUeVe « ** ° Ut from **
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Bibliographic details
Press, Volume LI, Issue 8867, 9 August 1894, Page 5
Word Count
94CHEAP MONEY. Press, Volume LI, Issue 8867, 9 August 1894, Page 5
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