LOAN RENEWALS.
GOVERNMENT'S ARRANGEMENTS. (PKESS ASSOCIATION . TBLMBAM.) WELLINGTON, March 4. Mr Massey stated yesterday that he had made arrangements for the renewal of a loan maturing during 1924, for the balance of the current financial year, ended March 31st. While he was not prepared to state the rate of interest, Mr Massey saia he was very pleased with the arrangement he had been able to make, anfl he believed the country would be satisfied.
"I anticipate no difficulty in renewing loans falling due for the calendar year," said Mr Massey. "Loans totalling £36,867,313 will fall due during the three years ending March 31st, 1926. This total does not include small loans falling due in Australia amounting to £15,500. "For the three years following the 1925-25 financial year the maturing loans amount to only £14,781,356, but during the next year loans totalling £32,143.098 will fall due, of which £30,094,528 are due in London. "The aggregate of loans falling due to the end of the 1929-30 financial years is £83,791,767."
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Bibliographic details
Press, Volume LX, Issue 18014, 5 March 1924, Page 11
Word Count
168LOAN RENEWALS. Press, Volume LX, Issue 18014, 5 March 1924, Page 11
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