Monetary and Commercial.
[SSSOXALTO PbBBS ASSOCIATION.] LONDOS, Jew 2. The biddings at the wool sales to-day were animated* and prices are firm* Tenders for the New South Wales Loan will be opened on Tuesday. The final instalment will be due inJDecemW. The loan ia made repayable in 1918. One of the conditions is that three months* interest will be paid in September. The prospects of the loan are regarded favourably. Holders of New South Wales stock express surprise at the announcement of the new loan, which they consider a breaoh of the pledge given ia Hay, and a repetition of the -violation of Ex - Treasurer Burns' pledge not to go to the market again at an early date. The Dew South Wales loan ig quated at a premium of 4 par cent.
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Bibliographic details
Star (Christchurch), Issue 6588, 4 July 1889, Page 3
Word Count
132Monetary and Commercial. Star (Christchurch), Issue 6588, 4 July 1889, Page 3
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