THE RATE OF INTEREST.
WHAT CROWN TENANTS PAY. [BY telegraph.— correspondent.] Wellington, Saturday. It was mentioned at the Land Board meeting on Thursday that the rates of interest on some recent mortgages effected by Crown tenants were at the rate of 6A to 7 per cent. This is an increase on previous charges, but the opinion was expressed by members of the Board that the rate was very reasonable, seeing that the Bank of England lately raised its discount rates to 5J per cent., the highest known in the history of that bank.
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New Zealand Herald, Volume XLIII, Issue 13326, 5 November 1906, Page 5
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93THE RATE OF INTEREST. New Zealand Herald, Volume XLIII, Issue 13326, 5 November 1906, Page 5
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