Monetary and Commercial.
O [Special to Pbesb Association.] LONDON, Mat 30. Leading financiers in the city fear that there will be a long continuunco o£ dear money. The Economist Btates that if the Colonies wish to depend on the public for floating their loans, the present system of inviting tenders must be abandoned. It considers that there is no reason why the Queensland loan should not have been subscribed if it had been kept -open for two months at the fixed price of 92, and provision made for interest to accrue from the date of subscription. The leading bankers have agreed to meet, when occasion arises, and decide with the Bank of England the minimum rate of discount for three months' bills.
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https://paperspast.natlib.govt.nz/newspapers/TS18910601.2.43
Bibliographic details
Star (Christchurch), Issue 7178, 1 June 1891, Page 4
Word Count
122Monetary and Commercial. Star (Christchurch), Issue 7178, 1 June 1891, Page 4
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