The Four Million Loan.

Clutha Leader, Volume I, Issue 44, 13 May 1875, Page 3

The Four Million Loan.

J ( r Standard, Fefc 26)/; r Ifcisstatedlthattaeprospecius of a New-Zealand Four-and-a-Half per cent Goyernment : L6an f ;for L#,000;'000 will be issued to-morrow by Messrsßothschild and Sons. The price of issue (94: Vf cent.) is reduced by the allowance to 93, while the existing Four-and-a'-Half per Cent, bonds are quoted tp-day on the Stock Exchange ■a.t,95|/to;:£. As the financial position, of .the /colony is very strong the loan is likely to be quickly absorbed by investors. ' The Postmasters-General of $ew South Wales z and - New ■•- Zealand /have issued advertisements for ! tenders for the conveyance of mails between these colonies and San Francisco, once eachjw^y every -four- weeks during a period not exceeding eisfht years from the commencement °t ' z. Bervlce * CFull particulars can be obtained of the : respectiye; agentsgeneral in, London, and tenders are to be sCrit- to one of the > agents not later than Tuesday^ March Ba, 7 ( handariy March l.)\ i | -Subscriptions ,for the New Zealand P L our-and-a-Half ••)^. , '" : :Cen"d'' , .L6an of .L4,Q00,000, at* the price oWper cent. or^93 net., r will be received on Monday, March 1,? by' Mtesrs ; RdfhscMld and 1 Sons,, arid the: list will befelosed Pn or , before ;"the fbHowin|^ay./;The loan is secured oh the consolidated revenues oi the colony, and the/ proceeds . .are to be tdevotedto the construction' of ' railways ? and other public; iWork'sj > farid'iriimigrationyf The iristelmeritS'eitend to' August 'lubscri^ers'haVe't&e option of Paying njfc;hi : |uil; 'aprth'e 1 Mbtment, under discountat the Mte o| olpVr eent. per annum, < ; ipipjnwi^.:^ilit tie re.paid atparvriot; earKer thaqi! five;years, and not laternban* thirty iyearfef froih the Ist inst.', the Oovernnlerit , reserving the in^htPf papngritjbSpPon February i or August, l o£,^hv;jnfie^i9dia)ie 'year; on giving six mon^-igjol^J^fi©; a ppli- : cations are ; . expected .^tJ>^iß|ion> a very ilarge scale,- the^solidf character i£f / this security being generally recognised. y. •:"• 'C- : iX!ime^Mdr^^C^'f : ' 'p. The -prospeataS'j^&J^e^r^lanct Immigration' and Public *#6rks issu*sd v : : fd^dajr 1 by*' |Mesi:rr Rothschild s and gbnsV . As .^: Js.ta^^a r &]yßjago 9 v*^eiissue,pricp is;L9^ 7 j)erceKi,;o4L9a if the whole lippd is/paid; up | on ./., allot•meht,oinstead drislaiments, ; Ofinithesix ; and debentures wiirbeissuedfofrlilOOO, LSOO,The loan' is securedJoja th^Gb^sclidated reuenues.of 4 .'^o^mM revenues have risen from'-LOOO^OO in I8?0-71 tOfLl,400i0O0ii& ; I8?a44l, ''•'--" (Standard? 'M^oC \ cTherlwt of tne; l^e^ ir Zertand .loan was closed: at nooo byjrMessreu Rothschild arid Sons withi it ' is pUbsdripuons largely exceeding the Jotal td be alloted. The scrip, ingly closed firMiafc'^to-*v^ m^ The lalldMent^letter&Hatfe^exj^eted to be issued, aboWlfifef'prid^of \W week.- - -™..__ {Standardly March Q.) : i^jgqpd demand for money was re-.-ported afrHtfee sfianlt^ Discount Office/ in^the ' .werej^p SomeWhat riumerou^, and the &tombUk was firmi a*3|ri to £ per cent f Loans on English Government $ffiift^^Mmfkß& fi^/Stock '^SJ§I? ** 2 I *§ %rVM some large pgyyeptw ii^|rap«hgrinade on Jh&N&WZearan(f loa^y About L20.000