LONDON DISNEY MARKET
LOANS FOR DOMINION'S. LONDON, May 8. The Daily Express says that a revival oi colonial borrowing in London is talcing place. Since January over £25,000,000 has been subscribed in London for the dominions and colonies. To-day New Zealand is before the public, and it is understood that Victoria will follow shortly with £7,000,000 for the conversion of certain outstanding obligations. This financing means business for the British manufacturers, as the money, except, in the case of a conversion offer, is generally utilised to pay for the products of British engineering and constructional itidustiies. The attractiveness of the New Zealand loan should ensure rapid over subsepirtions.
DOMINION’S CREDIT IMPROVING LONDON, May 8.
The Daily Telegraph points out that in less than two years .New Zealand’s credit has improved by nearly 2 per cent., the present flat rate being £4 6s lid per cent., compared with £6 5s per cent, in June, 1921.
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Bibliographic details
Otago Witness, Issue 3609, 15 May 1923, Page 21
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154LONDON DISNEY MARKET Otago Witness, Issue 3609, 15 May 1923, Page 21
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