THE QUEENSLAND LOAN
MR THEODORE’S STATEMENT. KEPT OFF LONDON MARKET. ACTED ON BANKER’S ADVICE. (United Press Association.) Received October 13, 7.20 p.m. BRISBANE, October 13. In the Assembly, Mr Theodore, explaining the American Joan, said the Government was disinclined to break away from the traditional lines of borrowing overseas, but as the London financiers, influenced apparently by political considerations, had made up their minds to keep Queensland off the London market, and there was insufficient local money offering, the Government had decided to accept the American offer, which was made through the Commonwealth Bank, and under the advice of the Governor of that bank. He estimated that the cost of the loan would work out at less than 6 per cent. Arrangements have been made for the loan to he invested in London, and drawn upon as required.
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Waikato Times, Volume 94, Issue 14775, 14 October 1921, Page 5
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138THE QUEENSLAND LOAN Waikato Times, Volume 94, Issue 14775, 14 October 1921, Page 5
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