COLONIAL LOANS.

Timaru Herald, Volume XIIC, Issue 13661, 1 August 1908, Page 5

COLONIAL LOANS.

THE SOUTH AUSTRALIAN FAILURE. CHARGE AGAINST -*±K GOVERN. MENT Press AssotUtion-By Telegi apt-Copyright ADELAIDE, July 31. The funi wlncn was, negotiating the loan temis with Llojds Bank explains that the Government is open to a chatge of bleach of faith thiough the action of itb Loudon lepitscnUtrvc. Hie firm's ettorli weie the result of requests from moie than one Treasurer to compete against the so-called London ling. It wds not pretended that they, or anyone else, could do without brokers, who were just as necessary in connection with loans as tca-dealeis in the distribution of tea. The firm succeeded m ananging the business m question with the laigesfc bank in Butatn, and some biokera of high standing made absolutely possible what was said to be- impossible. The leason for the failure was one for Government mves» tigation. The firm hare already intimated that) thty intend to make no claim for commission, but demand foi the credit of South Austidiid that cnquiuos bo mada by the Government as to the reason >vhy its London representative did not sign the agreement