NEW SOUTH WALES LOAN
LONDON, March 13. New South Wales is issuing a loan of £3,000,000 at 3£ per cent., whereof half is required to meet debentures maturing in July. • The New South Wales £3,000,000 loan prospectus has been issued. Holders of maturing debentures are invited to exchange them for an equal amount of the new stocks. SYDNEY, March 14. The Treasurer states that the whole of the new loan w ill be underwritten at 3£ per cent. The actual cost after paying all charges i 6 about £3 12s 9d per cent. The fact of South Australia being on the market simultaneously will not affect the loan, as, its success is assured. The balance of the loan not required for redeeming debentures will be devoted to public works and closer settlement development-
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Bibliographic details
Otago Witness, Issue 2818, 18 March 1908, Page 29
Word Count
133NEW SOUTH WALES LOAN Otago Witness, Issue 2818, 18 March 1908, Page 29
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