FEDERAL LOAN
NOT FULLY SUBSCRIBED. TREASURER’S COMMENT. i IMPROVED CONDITIONS. (United Press Association—By Electric Telegraph—Copyright.) Received June 18, 8.5 a.m. CANBERRA, June 18. The Commonwealth internal loan of £9,000,000 closed £1.800,000 short, the amount subscribed being £7,200,000. The underwriters will make good the shortage. The Treasurer (Mr Casey) stated that tho subscribers numbered 7650. He added that the failure to obtain the full amount could be attributed to the improvement in business conditions, more outside avenues being now available for the investment of capital than during the depression.
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 169, 18 June 1936, Page 7
Word Count
88FEDERAL LOAN Manawatu Standard, Volume LVI, Issue 169, 18 June 1936, Page 7
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