COMMONWEALTH LOAN
CONSIDERABLY UNDERSUBSCRIBED (Australian Press Association.) London, July 17. The "Dally Expres./’ states that the Commonwealth Loan of £7,000,000, bearing interest at 5 per cent., issued at £OB per cent., and maturing 1945-75, has been considerably under-subscrib-ed. The poor subscription to the loan, of which the underwriters were left with 87 per cent., is attributed to the general dullness of the Stock Exchange, and to fears that the New York money rates are going higher: also to the fact that large blocks of the last New York Australian Loan arc being offered here at 87 per cent.
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Bibliographic details
Dominion, Volume 21, Issue 247, 19 July 1928, Page 9
Word Count
98COMMONWEALTH LOAN Dominion, Volume 21, Issue 247, 19 July 1928, Page 9
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