N.S.W. LOAN.
NEWSPAPER COMMENT. BY CABLE—PBESS ASSOCIATION —COPYRIGHT. LONDON, March 27. The financial editor of the Nation and Athenaeum, commenting on the New South Wales loan, emphasises the lack of details in the prospectus. Ho then proceeds to point out the growth of the debt of the State and the increase of the annual charge on the debt by £1,000,000 since 1924. “It is," he says, “little short of a scandal, that New. South Wales is able to raise money so cheaply by means of the Trustee Acts. “Why," he asks, “should its loans, offering uncertain security, be admitted as full trustee securities, when English electric light and power debenture stock are not treated in a similar way." *
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Bibliographic details
Hawera Star, Volume XLV, 29 March 1926, Page 5
Word Count
118N.S.W. LOAN. Hawera Star, Volume XLV, 29 March 1926, Page 5
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