THE RATE OF DISCOUNT.
AN INCREASE MADE. Lioniion", Sept. 10. In consequence of the heavy withdrawals of gold to America, amounting to close on £.>,000,000 since Aug. 5, the discounting of three months' bills has been raised to If per cent. The increase has caused considerable surprise, but it is recognised that the step was necessary, and that it will be the means of reassuring the public.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAST18960912.2.18.2
Bibliographic details
Hastings Standard, Issue 119, 12 September 1896, Page 3
Word Count
67THE RATE OF DISCOUNT. Hastings Standard, Issue 119, 12 September 1896, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in