SOME HOT CRITICISM.
LONDON, Sept. 30. Stock Exchange and linanoial circles are relieved that the United States loan has been arranged but are not enthusiastic over the terms. They point out that it is a good bargain for the lenders. The interest, with a premium on redemption, is 1 por cent, above the British war loan. It is very high considering the benefits, which will accrue to American trade." Moreover, it is doubtful if a hundred million will be sufficient. The terms will be a handicap if another loan is necessary. The Manchester " Guardian" has hot." ly criticised the distribution, a syndicate receiving a million sterling. The issue is free of British taxation. The/.' paper hesitates to believe that .the British Government authorised such termfc. Instead of France getting the credit of Britain's better credit we'are suffering from France's-.worse credit. The interest is practically s|, representing a decline from 4£, which will depreciate a second British war loan to the extent of 125 millions, or more than the whole amount from America.
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Wanganui Chronicle, Volume LX, Issue 20474, 2 October 1915, Page 5
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172SOME HOT CRITICISM. Wanganui Chronicle, Volume LX, Issue 20474, 2 October 1915, Page 5
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