WONDERFUL PRICE
LOAN IN LONDON WILL SATE X.S.W. MILLIONS (Aust. ail’d N.Z. Cable) Sydney. October 3. Premier Stevens, commenting: on tlie loan, said: “It is a wonderful price,” He added that four months ago the -effective rate on tjbe stock market in London was ! >r cent. “Our new rate is thus lees than half- We will thus make an, effective saving of Is per cent.. Tf we secure the game rate on our options which We can exercise during t-bo coming year we shall save, including tile conversion, .fil ,orto,ooo per year on our external interest bill exelusivtr of exchange costs- “ Putting the loan or the market at a- small discount, should give- us an earlv opportunity of overtaking fihn*. discount and establishing our kt ok a.t -~i per rest, par.” STARTLINGLY CHEAP The Financial Xew s .says the conversion loan t-ernig represent startlingly cheap borrowing for Aufctrali® in comparison with anything pow-ible three weeks ago.
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Bibliographic details
Feilding Star, Volume 9, Issue 3849, 4 October 1932, Page 5
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156WONDERFUL PRICE Feilding Star, Volume 9, Issue 3849, 4 October 1932, Page 5
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