ANOTHER BIG LOAN

Grey River Argus, 9 April 1927, Page 5

ANOTHER BIG LOAN

FROM AMERICA. To Australia. (Received April 8 at 5.5 p.m.) NEW YORK, April 7. The Equitable Trust Company has officially confirmed the news that it has purchased a new New South Wales loan of twenty-five million dollars, and that within a week or ten days the Company will offer the same to the public. Some observers, while sceptical that the net return for New South Wales will be ninety-four or better, contend that the intrinsic conditions for the marketing of foreign bond to consumers in America are such that to underwrite the issue at these figures is u? profitable. These observers admit, however, that the expectation of becoming permanent American financial agents or advisers to New South Wales may induce the Equitable Trust Company to offer exceptionally attractive terms in the hopes of securing the State of New South Wales’s future American financing. It is believed, furthermore, that the Equitable Trust group has already received an understanding that this will be the caso. London Wakes Up. ELEVEN MILLION LOAN. UNDERWRITTEN EOR COMMONWEALTH. (Received April 8 at 11.40 p.m.) LONDON, April 8. A Commonwealth Conversation Loan of £11,711,000 at five per cent to be issued at ninety-eight, has been underwritten here.