AUSTRALIAN AND LONDON INTEREST RATES.
In their report on the Sydney Stocli Exchange under date loth June, Messrs. A. B. S. "Whlto and Co. mention that tho New South Wales Government is still offering 5*4 per cent, funded stock at par, with a currency of five or ten years. Commenting on the over-subscription in London of the New Zealand and Victorian D per cent.. loan 3at 98y 2 , the firm remarks:—
"When allowance is made for the fact that interest on local Commonwealth issues is subject to Federal income tax, whereas loans issued in London do not carry any liability In this respect, it will be seen that there is very little difference between interest rates in London, and Australia in this class of security."
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Bibliographic details
Evening Post, Volume CXI, Issue 154, 30 June 1926, Page 11
Word Count
125AUSTRALIAN AND LONDON INTEREST RATES. Evening Post, Volume CXI, Issue 154, 30 June 1926, Page 11
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