LOAN FOR VICTORIA.
£5,000,000 AT 5 PER CENT. i /HIGH CREDIT OF THE STATE. A. and N.Z. LONDON. Feb. 21. A Victorian loan of £5,000,000 at 5 per cent., with a minimum of 99£, has been underwritten. The prospectus will be advertised tomorrow. The loan is to be • redeemed in 192342. The final instalment of 20 per cent, will be payable on May 31, and the first half year's interest on October 1. The Morning Post gives prominence to the fact that the five successive surpluses in the Victorian Budget aggiegated £935,000, which was obtained without increased taxation. The Financial News describes the loan as "a trustee security with a good yield, which undoubtedly will be promptly subscribed." The Financial Times says that the security is, of course, ! undeniable, and the issue should be well covered.
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18332, 23 February 1923, Page 7
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136LOAN FOR VICTORIA. New Zealand Herald, Volume LX, Issue 18332, 23 February 1923, Page 7
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