LOAN INTEREST
MR NASH’S PROPOSAL.
LONDON DISTURBED
“UNPLEASANT SHOCK."
(United Press Association.—Bj' Electric Telegraph.—Copyright.) Received July 2, 9.20 a.m. LONDON, July 1.
The city is disturbed at the reports that Hon. W. Nash (Minister of Finance) will seek a reduction in the interest on the New Zealand loans. The Star declares that the new proposal is outside the accepted rules ot nnance, and comes as an unpleasant
shock. Quotations for New Zealand stocks were nominal as a result of Rt. Hon. M. J. Savage’s announcement, which met with an unfavourable reception in the city, where it is pointed out that New Zealand cannot expect the investor to pay because she had not the good fortune to have more loans for redemption during the present cheap money period. • 'The Star declares that Mr Savage s phrase, “Mr Nash, will bounce the hall when lie gets to London,” sounds like the intrusion of an ugly form of bodyline into the investment market.
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 181, 2 July 1936, Page 7
Word Count
160LOAN INTEREST Manawatu Standard, Volume LVI, Issue 181, 2 July 1936, Page 7
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