RAISING MONEY CHEAPLY
"AN UNCERTAIN SECURITY."
LONDON, 27th March.
The financial editor of "Nation and Athenaeum," commenting on the New South Wales loan, emphasises the lack of details in the prospectus. He then proceeds to point out the growth of tho State's debt and tho increase of tho annual charge on it by £1,000,000 since 1924. "It is," he says, "little short of a scandal.that New South Wales is able to raise money so cheaply by means of the Trustee Act." "Why," he asks, "should its loans, offering an uncertain security, be admitted as full trustee securities when British electric light and power debenture stock are not treated in a similar way?"
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Bibliographic details
Evening Post, Volume CXI, Issue 75, 29 March 1926, Page 9
Word Count
112RAISING MONEY CHEAPLY Evening Post, Volume CXI, Issue 75, 29 March 1926, Page 9
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