A SUCCESSFUL TRANSACTION.

North Otago Times, 25 June 1913, Page 3

A SUCCESSFUL TRANSACTION.

Per Press Association. Wellington, June 121. The Hon. James Allen states today that to had received advice that aiiollw £ITS,OCO, in two lots, of £loo,ooo and £75,000, has tan subscript in tendon. It partly for the cosls and expenses o! the rs:n:t lean, and- had ban raised en very tateiiiotory terms. One amount was ra'rd ft t rar and the rest as £OU Js par ce:vt'. Tho mon:y would scon 'be available. The currency was the fame a fl lh'B three million loaw ,p years), with the optica of redemption a t any time nllcr 3S yews. Practically all the balanced the loan, the Mid liter added, had ben subscribed, a large proportion so prompt'jy that the Government had irore money than -vtfl ne:ded immediately, awl liy investing scnie of the airorats the GovcrnrnKjl. hnd just abut ■ rcconpeil IsnV frtr the rllpcounls paid to t!:e ut«- rwritin for pavnvnin 'n advance of M:o daks on which the instalments 'due.