COMMONWEALTH BILLS
RATE OF RENEWAL AN INTERESTING POINT £r«M Association— By Telegraph—Copyright LONDON, December 27, '(Received December 28, at 11 a.m.) In view of the Commonwealth’s inability; to discharge £5,000,000 of bills maturing on December 31 with the Westminster Bank, the interesting point of the moment is the rate at which renewal may be expected. The 123 s 3d rate at which New Zealand bills were placed has been mentioned, but the general opinion is that the market finances of the two dominions cannot be judged on the same basis. In the case of Australia the expectation has been that 1 per cent, above the hank rate would be asked, but the Australian Press Association understands that the marked swing of the political pendulum in the Commonwealth is likely to tell in its favour, and a renewal at 6J per cent, is not too much to hope for.
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Bibliographic details
Evening Star, Issue 20986, 28 December 1931, Page 7
Word Count
148COMMONWEALTH BILLS Evening Star, Issue 20986, 28 December 1931, Page 7
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