NEW ZEALAND LOAN
SHAREBROKER'S OPINION. GOVERNMENT SHOULD BORROW MORE AND RE-LEXD MONEY.DUNEDIN. May 9. Local comments on the New Zealand loan terms are very favorable, bankers emphasising the obvious financial standing of the Dominion. One banker said he thought it might create exchange difficulties, as already the banks had too much money in, London. A leading stock sharebroker _ attributed the tightness of money in the Dominion to the large number or loans being raised by boroughs, power boards, and cities. He thought the Government should borrow two or three millions at the rate of the present loan, re-lending it at an increase of h to 1 per cent, to bodies at present raising loans.—P.A.
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Bibliographic details
Gisborne Times, Volume LX, Issue 9801, 10 May 1924, Page 4
Word Count
114NEW ZEALAND LOAN Gisborne Times, Volume LX, Issue 9801, 10 May 1924, Page 4
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