GOVERNMENT LOANS
MONEY AT oi- PER CENT.
I Per Press Association* | ■ WELLINGTON, August 17. j •'lt has been said that we lave' little prospect of raising loans at 5 per cent, or 5-\- per cent, free or in- i come tax," said Mr Massey m the House to-day. "Let me tell the Hon. i gentlemen' that since the House met wc have raised some hundreds of tnousands of pounds from outside at. 5 per cent without any freedom from income, tax." . Mr Massey's reference to '''outside' must mean outside of Government departments. He said at another time that it was the intention of the Government to move to increase the'maximum rate of interest when the Loan Bill came down. It is understood that Mr Massey hopes to raise liis loan in November at 51- per cent, without exemption from income tax. j
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Bibliographic details
Timaru Herald, Issue 170299, 18 August 1920, Page 7
Word Count
142GOVERNMENT LOANS Timaru Herald, Issue 170299, 18 August 1920, Page 7
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