THE MONEY MARKET
LOAN APPLICATIONS PENDING. MANY ISSUES FORESHADOWED. (Trees Association—By Telegraph—Copyright.) LONDON, May 25. (Received May 26, at 5.5 p.m.) As a result of the strike the long queue of applicants for loans ifi London is creating uncertainty in regard to the time and order of issue. It is stated that New Zealand is issuing a loan shortly, probably borrowing £6,000,000 at 5 "per cent, at 98£ or 99. This will probably be followed by Victoria and British East Africa, and also by many loans under the Trade Facilities Act. In addition, numerous housing _ loans will be issued by the British municipalities and the Treasury is expected to enter the market in October in connection with the first of the large Government loans maturing in 1927. Therefore, in view of the heavy demands the underwriters advise the most severe pruning of requirements.—Sydney Sun Cable.
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Bibliographic details
Otago Daily Times, Issue 19800, 27 May 1926, Page 9
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145THE MONEY MARKET Otago Daily Times, Issue 19800, 27 May 1926, Page 9
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