A NEW LOAN
COMMONWEALTH FINANCES.
INTEREST AT 3 PER CENT. (United Press Assn.—Telegraph Copyright.) London, July 21. The new Commonwealth loan, to be underwritten on July 22 consists of £13,469,981 at 3 per cent. It is being issued at par, and will be dated 1939-41 with the object of redeeming New South Wales inscribed 3 per cent, stock which is due for repayment on October 1, and also £1,049,868 of Victorian 5 per cent. (1935-45), the holders of which can convert. It is pointed out that the New South Wales 3 per cents were issued at a discount, hence the new- issue would mean a real interest saving amounting to £36,000 in Australian money per annum. The lists of the cash applications open and close on July 24.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19350723.2.56
Bibliographic details
Southland Times, Issue 25343, 23 July 1935, Page 7
Word Count
128A NEW LOAN Southland Times, Issue 25343, 23 July 1935, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.