A NEW ZEALAND LOAN.
SUCCESSFULLY FLOATED. London, April 20. The New Zealand £5,000,000 lhan at 5 per cent., issued at par, has been und. rwritten. The loan is repayable in 1935.45. Its underwriting caused a general firmness in gilt edged secruities, especially in colonials. THE PREMIER PLEASED. DOMINION'S CREDIT HIGH. Interviewed regarding the cabled announcement of the loan, the Prime Minister said: “Naturally I am gratified at the result so far as it has gone. Thp fact that a New Zealand 5 per cent loan of LVOOOjOOO has been underwritten at par is splendid testimony to the high finan. cial standing of this Dominion, and, I think I am entitled to add, an appreciation of the steps taken by the New Zealand Government to cope with the ipost war financial stringency through which the whole world is passing."
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Bibliographic details
Patea Mail, Volume XLV, 24 April 1922, Page 2
Word Count
138A NEW ZEALAND LOAN. Patea Mail, Volume XLV, 24 April 1922, Page 2
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