NEW SOUTH WALES LOAN.
OBTAINED FROM EUROPE. £3,000,000 AT FOUR PER CENT. ; By Telegraph.—Press Association.— Stdney, October 12. In view of the tightness of the English money market, the Government has had inquiries made in Europe, especially in) Paris, as to the probability of successfully floating a debenture loan. Sufficient encouragement was received to induce them to try a foreign loan, and definite information was received recently that £3.000,000 from,; foreign sources was available almost! immediately, -the rate of interest being probably four per cent.
Mean-while, the war has begun, but it is understood that the Government has received a. reassurance that the money will still bo forthcoming. The Sydney Morning Herald state's that the Government has already practically placed the £3,000,000 loan.
The Treasurer will deliver his Budget next week. It is expected to show a small surplus. It is unlikely to disclose further taxation for revenue purposes.
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Bibliographic details
New Zealand Herald, Volume XLIX, Issue 15123, 14 October 1912, Page 7
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149NEW SOUTH WALES LOAN. New Zealand Herald, Volume XLIX, Issue 15123, 14 October 1912, Page 7
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