SOUTH AUSTRALIAN LOAN.
« ADVERSE CRITICISM. MARKET DECLINES TO DEAL IN STOCK. (By Tclosraßh-Prcss Association-CopyrfehU Lona'on, October 20. The "Financier"' adversely criticises the South Australian loan issue of .£500,000, whioh is being offered privately by Montague Brothers, in the form of 3} per cent, certificates, payable to bearer, which will bo exchangeable into inscribed stock, with a fifteen years' currency. Tho'price is .£IOO ss; payable on December 1, when interest commences to accrue.
Tho 'T?inancier" refers to the issue as South Australia's second dangerous financial cxperiment It states that tho effect has been very prejudicial. The market luw declined to make any price or to deal in the stock.
So far as tho paper can ascertain, only a small portion of the loan has been pieced. '
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https://paperspast.natlib.govt.nz/newspapers/DOM19091028.2.54
Bibliographic details
Dominion, Volume 3, Issue 649, 28 October 1909, Page 7
Word Count
125SOUTH AUSTRALIAN LOAN. Dominion, Volume 3, Issue 649, 28 October 1909, Page 7
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