DOMINION’S FINANCE
INTEREST IN LONDON. LOAN TO BE MET. STRINGENT MONETARY CONDITIONS. (United Press Association—By Electric Telegraph—Copyright). (Australian Press Association). Received September 12, 10.5 a.m. LONDON, Sept. 11. Financial circles are taking considerable interest in New Zealand’s finance, in view of the necessity of finding £11,600,000 to repay the four per cent loan falling due on November 1. It is believed that a certain portion of this sum was found in New Zealand, but in the present stringent monetary conditions here the flotation of a loan is only possible on very costly terms. Consequently, the money market would not be surprised if New Zealand obtained accommodation in the shape of Treasury bills, preferably of six months’ currency, as these are more popular than yearly bills and could be renewed at the end of the currency.
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Bibliographic details
Manawatu Standard, Volume XLIX, Issue 243, 12 September 1929, Page 7
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135DOMINION’S FINANCE Manawatu Standard, Volume XLIX, Issue 243, 12 September 1929, Page 7
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