NEW ZEALAND LOAN.
PRACTICALLY ALL SUBSCRIBED. (Per United Press Association.) ! WELLINGTON. June 24. The lion. James Allen stated to-day that he had received advice that another XITo.WU, in two lots of -X 100,0011 and X7S.IJUU, had lieou subscribed in Loudon. It was partly for costs and expenses ol the recent loan, and had been raised on very satisfactory terras. Ouc amount was raised at par, and Hie rest at X9l) 5s per cent- '1 lie money would soon be available. Ihe currency wu. the same as the three millions loan— 50 years, with the option of redemption any time after 30 years. Practically all Hie balance of the loan, the .Minister added, had been subscribed, a targe portion so promptly that the Govi eminent had more money than was needed immediately, and by investing some oi the amounts the Government just about ! recouped it-elf for. the discounts paid to i the nndcrwfiters fdF payments in advance i of the dates on which the instalments were ' due.
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Bibliographic details
Wanganui Herald, Volume XLVIII, Issue 14017, 25 June 1913, Page 8
Word Count
166NEW ZEALAND LOAN. Wanganui Herald, Volume XLVIII, Issue 14017, 25 June 1913, Page 8
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