LOAN FOR SYDNEY
FLOATED IN NEW YORK. (United Press Association—By Electrlo Telegraph—Copyright.) (Received April 7. 8.10 p.m.) NEW YORK, April 6. A syndicate comprising the Bank of America, Blair and Halsey, the Stuart Company and E. H. Rollins and Sons, will soon offer 51 per cent bonds, between 5,000,000 and 8,000,000 dollars with a currency of twenty years for Sydney and Metropolitan Water Sewerage Drainage Board. The issue is guaranteed, as to principal and interest, by the New South Wales Government. The proceeds of the financing, it is understood, will be usOd for the construction of additional water, sewerage and drainage works or to refund the floating indebtedness incurred for such purposes.
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Bibliographic details
Timaru Herald, Volume CXXV, Issue 18538, 8 April 1930, Page 9
Word Count
112LOAN FOR SYDNEY Timaru Herald, Volume CXXV, Issue 18538, 8 April 1930, Page 9
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