EMBARGO ON FOREIGN LOANS.
The effect of the discouragement of new capital issues is seen in the usual-monthly . compilation of 'tho Midland Bank. This shows that the total for, July waa £16,536,272, which contrasts with £23,651,580 in June and £33,743,420 in May. ' For ■• tho first seven months of the year the aggregate is £140,----800,454, against' £127,507,650 for the corresponding period of 1924., and £144,383,700 in 1923. Tha sum provided this year for internal requirements ■ has been £93,923,000, while British possessions have absorbed £31,847,000, India and Ceylon "£3,069,000, and foreign countries £11,951,000.. The last-named compares with £35,432,000 in 1924 and £43.619,000 in 1923: The total for foreign^ countries has dwindled ntsadily from £4,365,000 in January, 1925, to a few hundred thousands during each of the last three months, evidenw of the effectiveness of tho embargo on foreign borrdwjng since tho return to the gold standard, .'.• .'.-.' V ' ' '■■','-.■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19250917.2.81.3
Bibliographic details
Evening Post, Volume CX, Issue 68, 17 September 1925, Page 7
Word Count
145EMBARGO ON FOREIGN LOANS. Evening Post, Volume CX, Issue 68, 17 September 1925, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in