A LARGE LOAN.

Lyttelton Times, Volume CXIV, Issue 13890, 26 October 1905, Page 7

A LARGE LOAN.

DETAILS OF THE ISSUE. United Press Association—By Elcotrio Telegraph—Copyright. (Received October 25, 10.3 p.m.) PARIS, October 25. Details of the raising of the loan, which was recently announced, show that a total of £51,600,000, at 4 per cent, is being issued, with a minimum of 80. Of the total, a sum of £26,000,000 has been reserved for France, £4,000,000 each for Britain and America, and the remainder for Gere many. (It was reported oh October 4 that the Parisian bankers were considering a simultaneous issue in France, Britain, Germany, the United States and Holla aid, of a loan of seventy-two million pounds, half to be reserved for th© French market. If difficulties occurred respecting the fixing of a common price of the issue, then'a loan of forty million would probably be issued in France alone, at 4 per cent interest, with an issue price of about 90. The operation was expected about the end or October. Though th© cablegram did not indicate on whose behalf th© loan waa to be raised, it was considered probable that it was on behalf of Russia.)