PRICE OF TREASURY BILLS
Explaining the circumstances of the renewal of £5,000,000 wovth of bills oE the Australian Commonwealth . Government, held by the Westminster Bank, the Treasurer (My. Theodore) in the House of Representatives said the bills, which matured on 30th September, were issued on 14th May last. J'hey had beea renewed at an interest rate of 6!£ per cent., compared with, the old rates of 4 per cent. As an explanation of the increased rate of interest, it must be borne in'mind, added Mr. Theodore, that the Bank of England had increased the discount rates.
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Evening Post, Volume CXII, Issue 90, 13 October 1931, Page 12
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96PRICE OF TREASURY BILLS Evening Post, Volume CXII, Issue 90, 13 October 1931, Page 12
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