TREASURY BILLS
COMMONWEALTH ISSUE. POOR PUBLIC RESPONSE. MELBOURNE. March 16. i Applications totalling only £315,'"'0 were received for the Commonwealth Bank's public issue of £1,000,000 worth of 1 1-3 per cent. Treasury bills. The ue was made as a test r-f whether there was any public demand for this i lass of gilt-edged securitv. Following the Commonwealth Bank’s offer of the Treasury bills, the Bank of New South "Wales raised the rates of interest on fixed deposits 10s per cent, to protect deposits against *.e counter-attraction of Treasury b'lls. Other trading banks have not yet taken any action.
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 66, 18 March 1936, Page 7
Word Count
98TREASURY BILLS Wanganui Chronicle, Volume 79, Issue 66, 18 March 1936, Page 7
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