N.Z. LOAN.

Hawera & Normanby Star, Volume XLII, Issue XLII, 28 April 1922, Page 5

N.Z. LOAN.

QUESTION OF INTEREST

BY CABLE—PEESS ASSOCIATJO3I-d3OBYBIGHT LONDON, April 26. ' Over £10,00,000 was subscribed for the New Zealand loan of £5,000,000. ' The Australian Press Association understands that the High Commissioner discussed the advisability of adopting four and a half per cent., because the Public Trustee prohibited investing stocks above par. He decided in favour of five per cent., as financiers advised that the probable nett result would be better.