FAILURE OF SOUTH AUSTRALIAN LOAN.
(BY CABLE—PKESS ASSOOIAIIOiV,) London, February 6. The South Australian loan lias, as was feared, proved a failure, only £505,370 having baeu subscribed, at an average of £100 4s sd. The balance has been left open at par. The syndicateb held back, and refrained from tendering. New Zealand Shipping Co .'s shares are £3; Shaw Saville and Co:, £8; Union 5.5.C0..£13. ■ . Later. The Standard referring to the failure of the South Australian loan pays that the colony is too ambitious, and that_ it had already borrowed too cheaply for its own good. The article goes on to say that it was ridicnlous that a raw, and mostly unoccupied country, with a population only equal to that of Leeds, should expect to borrow three and half millions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THA18890208.2.23
Bibliographic details
Thames Advertiser, Volume XXI, Issue 6324, 8 February 1889, Page 3
Word Count
130FAILURE OF SOUTH AUSTRALIAN LOAN. Thames Advertiser, Volume XXI, Issue 6324, 8 February 1889, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in