MUNICIPAL LOANS IN AUSTRALIA
BRISBANE’S THIRD FAILURE (New Zealand Press Association) Th» Rri.K r.-. BRISBANE, June 1. InJn ? C J ty Council's £500,000 loan, which closed on Saturday was heavily under-subscribed y stockbroker said that the response of the S’ C h h d ? een poor - The failure RHo!* loa Jh yy hlch was only about half nn th CoUld h? ve serious repercussions 1953-54 e counclls attempts to borrow in The terms of the loan were 44 per cent f %i, optlon ?J Periods of seven to 12 years This is the third failure in four nuhiin City S Council, ‘ hiS flnanciai year the
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Press, Volume LXXXIX, Issue 27055, 2 June 1953, Page 12
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105MUNICIPAL LOANS IN AUSTRALIA Press, Volume LXXXIX, Issue 27055, 2 June 1953, Page 12
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