A COLONIAL LOAN.
London, January 24. A South Australian Government loan of £1,500,000 at 3 per cent, has been placed on the London market. The minimum has been fixed at 94J. Tenders will be opened on the Slsfc hist. _ Received January 25. 10.45 p.m. Adelaide, January 25. Tenders for the South Australian loan will be accepted by ta© ]Rank of Adelaide as well as in Lyndon. The adoption of this course will give local investors an equal opportunity with those in the Old Country. A sum of £1,080,000 is to bo utilised for conversion purposes and the balance for public works. Received January 20, 12 25 a.m. London, January 25. The South Australian loan has been favourably received, and is now quoted at from a half to one per cent, premium. Payment of the first half year’s interest has been fixed for July Ist.
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Bibliographic details
New Zealand Times, Volume LXIX, Issue 3648, 26 January 1899, Page 5
Word Count
144A COLONIAL LOAN. New Zealand Times, Volume LXIX, Issue 3648, 26 January 1899, Page 5
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