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LOAN FOR GLASGOW

ISSUE AT 3 PER CENT BANK'S TERMS DECLINED (Received June 25. G. 55 p.m.) / LONDON. June 25 The Glasgow Corporation, on which Labour lias a majority, declined to accept the terms suggested by the Bank of England for the conversion of £2,500.000 of 5] per cent stock, and decided to raise the money by means of a 3 per cent mortgage loan. It is announced that the loan has been fully subscribed.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH19350626.2.70

Bibliographic details

New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11

Word Count
75

LOAN FOR GLASGOW New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11

LOAN FOR GLASGOW New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11