LOAN FOR DEFENCE
AUSTRALIAN PROGRAMME FAVOUR AISLE RECEPTION (Reed. May 5, 11.30 a.m.) LONDON, May 4. The firm of Nivisons is underwriting the £7,000,000 Commonwealth loan at 3J per cent, 1952-6, which is being issued at £99. The loan is for the Australian defence programme. Although Australian stocks were marked down on the exchange as a result of the new loan and dealers report little selling, the outlook is now more hopeful than yesterday. The loan met with a favourable reception.
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19623, 5 May 1938, Page 5
Word Count
81LOAN FOR DEFENCE Poverty Bay Herald, Volume LXV, Issue 19623, 5 May 1938, Page 5
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