TREASURY BILLS
LITTLE DEMAND IN MELBOURNE. MELBOURNE, March 16. Applications totalling only £315,000 were received for the Commonwealth Bank’s public issue of £1,000,000 worth of £1 per cent. Treasury bills. The issue was made a test of whether there was any public demand for this class of gilt-edged security. Following the Commonwealth Bank’s offer of the Treasury bills the Bank of New South AYales raised the rates of interest on fixed deposits at 10s per cent, to protect deposits against the counter-attraction of Treasury bills. Other trading banks have not yet taken any action.
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 91, 17 March 1936, Page 7
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94TREASURY BILLS Manawatu Standard, Volume LVI, Issue 91, 17 March 1936, Page 7
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