THE MONEY MARKET.
CONSOLS WILL CHEAPEN. >
E'.TOtrio Telegraph-Copyright-United Press Association. (Received, July 23, 9.16 a.m.
LONDON, July 22. A special committee appointed to deal with Government Savings Banks recommends that owing to the coming la*"**: of income from reduced dividends oir consols in 1903 depositors' interest be reduced one-eighth per cent. The Agent-General denies the rumor that New South Wales will shortly borrow three millions.
Tenders for the Victorian loan ;have closed. It is understood that the public subscriptions were very small, and that the underwriters received a large proportion. The loan is quoted at half per cent discount.
Consols are at 95i.
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Bibliographic details
Poverty Bay Herald, Volume XXIX, Issue 9484, 23 July 1902, Page 2
Word Count
103THE MONEY MARKET. Poverty Bay Herald, Volume XXIX, Issue 9484, 23 July 1902, Page 2
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