LOCAL LOANS UNDERWRITTEN.
The Commissioners of the State Savings Bank of Victoria for Credit Foncier purposes accepted the offer of Messrs.. John Goodall and 'Co., • Melbourne, for underwriting a loan of £1,000,000, w.hich will be placed on the market for public subscription almost immediately. This loan is guaranteed-by the Victorian Government, and is free of State tax, but subject to Commonwealth tax. The interest rate is 5% per Cent., theissue price £99, and currency ten years and a half, redemption having been fixed-for 1939. Messrs.. J. B. Were and Co. have underwritten the Melbourne and Metropolitan loan of £1,500,000 at 5% per cent., issued at par, repayable 1944. ..'.'.■■
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Evening Post, Volume CVI, Issue 46, 31 August 1928, Page 12
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108LOCAL LOANS UNDERWRITTEN. Evening Post, Volume CVI, Issue 46, 31 August 1928, Page 12
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