COLONIAL BORROWING.
United Press Association—By Electrio Telegraph—CoDvripht. LONDON, February 10. f The success of tho Victorian loan is assured. Six months' interest is payable on the Ist July. The scrip is quoted at fiveeighths per cent, premium. The loan will not be undenvritten. February 11. Scrip of the New Zealand loan is quoted at 97. t MELBOURNE, February 11. Sir Geo. Turner states that the loan is ( intended for conversion purposes, to replace the million and a-half 4 per cents., falling , due on January Ist. It has a currency of fifty years, with the right to redeem at any , time after thirty years upon giving twelve months' notice. The financial advisers of i the Government strongly favoured the terminable stoc!: as cheaper and more profitable.
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Bibliographic details
Press, Volume LVI, Issue 10270, 13 February 1899, Page 5
Word Count
125COLONIAL BORROWING. Press, Volume LVI, Issue 10270, 13 February 1899, Page 5
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