A NEW ZEALAND LOAN.

Stratford Evening Post, Volume XXXVIII, Issue 25, 30 January 1914, Page 6

A NEW ZEALAND LOAN.

FOUR-ANB-A-HALF MILLIONS. [By Electric Telegraph—Copyright] [United Press Association.] London, January 28. New Zealand is issuing a £ 1,500,000 four per. cent, loan at £IOO 10s repayable in 1921. It carries the option of conversion into I per cent, stock immediately at 102, or later at 101.

THE PREMIER INTERVIEWED.

[Peh Press Association..!

Wellington, January 'J-i. Regarding the proposed New Zealand loan mentioned in a cable message; the Rt. Hun. W. F. ,Massey, in an interview' with an Evening Post representative, said: “Wo have to raise an unusually large sum of money

this year by reason of the fact that so many short-dated debentures fall due between now and December 31.

e have; of course, to raise a certain

noniit of money for public works

utl for the lending departments, and icse facts taken together necossiito onr going on the London market

or a very much larger sum than isual. Onr agents advise that the

credit of the Dominion stands well at present, and in view of that fact, and seeing that there is an appreciable drop in the price of money at it is understood there will bo no difficulty in placing the loan. The great-

er part of the amount raised will he required for ordinary development purposes and for the requirements of the lending department. We shall require another loan before the end of the vear to enable ns to re-

leem a large amount of shortdated lebentures which are falling due. It nay.he added that though the hor•owing seems "very heavy, the not ncrease of indebtedness for the year vill not be above the average.”