Correction
PA Wellington The cut in the base lending rate announced by the National Bank of New Zealand will apply to overdrafts. An NZPA report yesterday incorrectly said it would not apply to overdrafts. It is mortgaged, to
which the new rates will not apply, as the bank says these are already below rates ruling in the market. National’s new base lending rate will be 18.5 per cent, previously 18 per cent, to apply from next Monday.
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Press, 18 April 1986, Page 12
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77Correction Press, 18 April 1986, Page 12
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