NEW ZEALAND LOAN.
FINANCIAL STANDING OF THE
DOMINION
(Per Press Association.) DUXEDIN, this day
Local comments on the New Zealand loan terms are very favorable, bankers emphasising the obvious financial standing of the Dominion. One banker said he. thought, it might create exchange difficulties, as already the banks had too much money in London.
Leading stock sharebrokers attributed the tightness of money in the Dominion to the large number of loans being raised by boroughs, power beards, and cities. He thought the Government should borrow two or three millions at the ra.to of the present loan, re-lending it at an increase of -J- to 1 per cent to bodies at'' present raising loans.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19240509.2.98
Bibliographic details
Poverty Bay Herald, Volume L, Issue 16426, 9 May 1924, Page 9
Word Count
113NEW ZEALAND LOAN. Poverty Bay Herald, Volume L, Issue 16426, 9 May 1924, Page 9
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in