POOR RESPONSE
Australian Treasury-Bill Issue (Received 17, 9.0 a.m.) MELBOURNE, March 16. Applications totalling only £315,000 were received lor tho Commonwealth Bank’s public issue of £1,000,000 1J per cent. Treasury bills. The issue was made a test of whether there was any public demand for this class of giltedged security. Following the Commonwealth Bank's offer of Treasury bills, the Bank of New South Wales raised its rates of interest on fixed deposits by 10/- per cent, fo protect their deposits against th' counter-attraction of the Treasury bills The othor trading banks have not yet taken any action.
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https://paperspast.natlib.govt.nz/newspapers/HBTRIB19360317.2.68
Bibliographic details
Hawke's Bay Tribune, Volume XXVI, Issue 81, 17 March 1936, Page 7
Word Count
97POOR RESPONSE Hawke's Bay Tribune, Volume XXVI, Issue 81, 17 March 1936, Page 7
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