NEW ZEALAND LOANS
THE POSITION EXPLAINED
The position in regard to New Zealand logins maturing during the next few yiSars was briefly stated' 1 by the Prime Minister (the llight Hon. Sir Joseph Ward) to-day.
The Prime Minister said that a state- - nieut had been published commenting on the' effects of New Zealand's maturing loans on the Dominion's London borrowing. The amount of loans maturing had been quoted at £80,000,000, and that statement might convey the impression that debt to that amount had to be renewed on the London market. '.'As a matter of fact," said Sir Joseph, "apart from maturity of £29,----000,000 in 1929-30, a considerable portion of which has already been disposed' of, there are no London Joans'falling due in London in 1930-31 or 1931-32. The loans maturing in those years nre held locally, and will not affect our overseas borrowing policy." ■
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https://paperspast.natlib.govt.nz/newspapers/EP19290126.2.87
Bibliographic details
Evening Post, Volume CVII, Issue 22, 26 January 1929, Page 10
Word Count
144NEW ZEALAND LOANS Evening Post, Volume CVII, Issue 22, 26 January 1929, Page 10
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