WELLINGTON LOANS.
FOUR PER CENT DEBENTURES. frnnf Aasooti.xioK.l LONDON, 4th February. The Union Bank is offering two hundred thousand city of Wellington (New Zealand) four per cent, loan debentures at 101, to redeem tho six per cent, loan of £200,000 floated in February, 1877, and maturing on 28th February, 1807. The cablegram, said the Mayor to a Post reporter, refers to the council's negotiation for rasing its loans. The loon in question is underwritten to tho full amount. "If we had raised the loan in the colony, wo would have had to pay exchange, which would * have amounted to a considerable sum." His Worship addod that when the loan was placed unon the market thoy might get even a bigger premium than one per cent. There was a sinkng fund of one per cent, on the new loan, but in order that tho council might be able to pay cost of flotation out of the first year's revenue, without increasing the charge in respect of ihe loan, the sinking fund would not commence its operation Until after the expiration of twelve months.
Mies Putnam will commence teaching; in oingfog and pianoforte at No. 24, King's Chambers, on 12th Fobruu-jr, and at K*rorl ya Hth Fobwjuy.
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Bibliographic details
Evening Post, Volume LXXIII, Issue 30, 5 February 1907, Page 7
Word Count
205WELLINGTON LOANS. Evening Post, Volume LXXIII, Issue 30, 5 February 1907, Page 7
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