The Neiv Zealand Loan
Sydney", This Day. The Daily Telegraph says that New Zealand, in floating a loan at three per cent, is Betting an example which is sure to be followed. The departure may be a bold one, but it is undoubtedly in the right direction. The Sydney Morning Herald can hardly see what is to be gained by the change from 3J per cci t, as the money will »robably fie borrowed at an equivalent to that price. The Herald fears that objectionable use of the nominal rate of 3 per cent will be made by politicians in order to make the loans to farmers appear to be profitable.
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Bibliographic details
Nelson Evening Mail, Volume XXIX, Issue 99, 29 April 1895, Page 3
Word Count
111The Neiv Zealand Loan Nelson Evening Mail, Volume XXIX, Issue 99, 29 April 1895, Page 3
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