NEW ZEALAND LOAN
FOR PUBLIC WORKS PROGRAMME'. "' ' ■ EASIER CONDITIONS. : ~. Pm&s Association— Copyright WELLINGTON, Last Nip;ht. The Hon. W. Dowiiie Stewart, Minister of Finance, stilted to-day that the loan just floated in London to provide the additional capital required for (Urrying On the public works programme is for tm amount of £5,000,000, bearing interest at 4j per icent, with the issue price of £94 liOs per cent. Including the redemption (of discount over the period of the loan this will save a return to investors of about £4 19s 8d per cent, as compared with £5 0s lOd from last, year's loan, which was 5 per'cent, at £99 10s. This issue at 4$ per cent, is a definite break from the 5 per cent, rate which has obtained in London for some time, and indicates a' distinct tendency towards easier* conditions.
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Bibliographic details
Stratford Evening Post, Issue 56, 4 May 1928, Page 5
Word Count
140NEW ZEALAND LOAN Stratford Evening Post, Issue 56, 4 May 1928, Page 5
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