P.M. Optimistic About Loan
(New Zealand Press Association) WELLINGTON, September 19. The Prime Minister (Mr Holyoake) returned home today optimistic over the £l2 million loan New Zealand hopes to raise on the London market.
Before leaving for the Commonwealth Prime Ministers’ conference early this month, Mr Holyoake revealed he would discuss arrangements and terms for this country to raise a £l2 million loan which was needed shortly, in part to repay £7 million in Dominion debt maturing in London early in December. The British Government had originally arranged for
New Zealand to be listed for a public loan early this year but the flotation had been postponed because of British balance-of-payment problems. Tonight Mr Holyoake told reporters no overseas country had raised a loan on the British market for the last six to eight months. “I am reassured New Zealand will be the first overseas country to go on the London market,” he said.
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Bibliographic details
Press, Volume CVI, Issue 31169, 20 September 1966, Page 1
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154P.M. Optimistic About Loan Press, Volume CVI, Issue 31169, 20 September 1966, Page 1
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