N.Z. LOAN

Grey River Argus, 9 May 1930, Page 5

N.Z. LOAN

NEARLY £20,000,000 OFFERED. (Per Press Association.) AUCKLAND, Alay 8. In a statement telephoned from Rotoiua the Premier (Sir J. Ward) states that he has received a cablegram from the High Commissioner, reading: “The total applications for the London loan Avere 11,852 aggre-; gating £19,577,800. Stock allotments I have, been made as folloAvs: (1) appli- ! cants for £lOO, received nil; (2) £2OO I up to £5OO. received £lOO, and (3) I over £5OO, received just under 30 per , cent. Dealings commenced on the ' stock exchange this morning (Alay 7) i pening about £9B 17/6 to £99, and closing in the afternoon al about £99. ’ ’ (Received May 8 at 7.0 p.m.) L.O)ND‘ON„ /Alay 7.. ' The over-subscription of the New, Zealand fiA-e and a—half million loan is so extensive, that the applicants have received only about thirty per cent, of the amounts for Avliich they made k application. the dealings in the loan, opened at one((ig'.litb of one per| cent, discount, thus reflecting the general heaviness of gilt-edged securities. The loan, however. subsequently recovered to par. Central Bank AUSTRALIAN TORIES’ HOSTILITY CANBERRA. May 8. When the Central Reserve BankBill comes before the Senate, it, is' likely that it will be referred to a Select Committee for an investigation. ’Phis will mean the shelving of the bill.