SOUTH AFRICAN LOAN
POOR RESPONSE BY INVESTORS,THE CAUSES EXAMINED. I (Frees Association—By Telegraph—Copyright) CAPETOWN, July 15. (Received July 16, at 10 p.m.) The poor response to the South African loan is regarded as very unsatisfactory In commercial circles, and the view is expressed that the Union Treasury miscal* culated the position. The result is con* trusted with the success of the recent! Victorian and New Zealand loans. Three causes probably contributed—* first, the fact that the issue was made at par; secondly, that investors do not like the big jump in the Union’s expenditure last year; thirdly, that the money jmarket ia upset by the repeated assertions of the Nationalist leaders that secession is their ultimate goal. Government however, profess to be quite unperturbed* —A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 19844, 17 July 1926, Page 11
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128SOUTH AFRICAN LOAN Otago Daily Times, Issue 19844, 17 July 1926, Page 11
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