TREASURY BILLS
ISSUE IN LONDON STATEMENT BY MR FORBES RATE £6 15/- PER CENT (Per United Press Association.) z Wellington, December 17. The Hon. G. W. Forbes stated to-day that, he had noticed in the Press a statement to the effect that the £4,000,000 of New Zealand treasury bills had been issued in London at a cost of six and three-quar-ters per cent. “This is not correct,” said Mr Forbes. “The position is that tenders for £4,000,000 of bills were invited and applications W'ere received totalling £5,935,000 and on the £4,000,000 allotted the average rate was just under £6 15/- per cent, and not 6} as stated. A high price was to be expected under the present market conditions but the ‘Financial News’ in London states that the rate at which the bills were allotted was a shade lower than had generally been expected.”
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Southland Times, Issue 21580, 18 December 1931, Page 7
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144TREASURY BILLS Southland Times, Issue 21580, 18 December 1931, Page 7
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