OVERSEA BORROWING
LOANS FALLING' DUE The Minister of Finance (Right Hon. Sir Joseph Ward) referred in an interview on Saturday to a statement appearing in the editorial columns of “The Dominion” commenting on the effects of New Zealand’s maturing loans on our London borrowing. “The amount of loans maturing is quoted at £80,000,000,” said Sir Joseph Ward, “and the statement might convey the impression that debt to this amount had to be renewed on the London market. As a matter of fact, apart from maturity of £29,000,000 in 1929-30, a considerable portion of which has already been disposed of, there are no London loans falling due in London in 1930-31'or 1931-32. The loans maturing in these years are held locally, and will not affect our overseas borrowing policy.”
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Bibliographic details
Dominion, Volume 22, Issue 105, 28 January 1929, Page 10
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128OVERSEA BORROWING Dominion, Volume 22, Issue 105, 28 January 1929, Page 10
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