TREASURY BILLS.
The ißßue of South Australian Treasury bills has been an unqualified success. The amount which the Treasurer asked for was a quarter of a million, while the Bum investors were willing to place totalled over a million. The Government was advised by the Engli&h agents some time, ago that if .£600,000, the balance from the last South Australian loan were floated, it would have to be offered at 92. As the previous sale of inscribed stock was at 95£,. and as there was nothing in the position or prospects of the Colony to warrant a reduction in the price, Mr Rounsevell declined to float a loan in the English market on the suggested basis, and decided on the course adopted, £4 11s 3d per cent on five years' currency, principal and interest payable in Adelaide. Several applications were made for small amounts, while some large tenders were also handed in. The applications will be taken into consideration by the Government at an early date, and the system of allotment decided upon..
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Bibliographic details
Star (Christchurch), Issue 4575, 21 February 1893, Page 4
Word Count
173TREASURY BILLS. Star (Christchurch), Issue 4575, 21 February 1893, Page 4
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