CHEAP MONEY
AN ILLUSTRATION IN LONDON (By Elec trio Telegraph —Copyright.) (Australian & N.Z.' t aUi Association* LONDON, April 8. The cheapness of money is illustrafed”T7v an allotment of Treasury hills at an average rate of 53.1 per cent,, which is over 20/- less than on 13th January. All gilt-edged securities are very firm. The 5 per cent. Mar Loan has touched par. Our Christchurch correspondent wires that there is a well founded impression in commercial circles that the bank overdraft rate will bo reduced in the neas future.
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Nelson Evening Mail, Volume LVI, 11 April 1922, Page 2
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88CHEAP MONEY Nelson Evening Mail, Volume LVI, 11 April 1922, Page 2
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