THE NEW LOAN
AMOUNT NOT DECIDED MR MASSEY’S STATEMENT (Per United Press Association.) WELLINGTON, April 3. The Prime Minister, when aeked by a Press representative whether the new loan, which is to be issued on the London market in about a month’s time, will be for the full £5,000,000, for which Parliament gave authority last session, said that the Cabinet has not decided yet as to the amount of the loan. All that Mr Maasey would say was that it will be for development purposes—which is a comprehensive phrase. He certainly does not expect, to have to pay more than Australia paid for ite last Lon* don loan, namely, 5 per cent, placed at 96, which makes it approximately 5J per cent.
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Bibliographic details
Southland Times, Issue 19482, 4 April 1922, Page 5
Word Count
122THE NEW LOAN Southland Times, Issue 19482, 4 April 1922, Page 5
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