PLENTY OF MONEY.

Waikato Times, Volume 100, Issue 16816, 7 June 1926, Page 5

PLENTY OF MONEY.

FOR SAFE INVESTMENT. SUCCESS OF NEW ZEALAND LOAN. (Australian and N.Z. Cable Assn.); ! (Received June 7, 9.30 a.m.) ; LONDON, June 5. 1 The prolongation of the coal stoppage lias had the effect' of checking business on the Stock Exchange, as investors are inclined to show caution. The markets as a whole have been stagnant, hut gilt-edged securities remain firm despite the absence of business, and the success of the New Zealand loan had an exhilarating effect on all colonials, most of which have appreciated in value. The result of this loan, of which the scrip is now quoted at £1 11s 6d premium, obviously indicates that there is plenty, of money available for good investment .stock offered on favourable terms and consequently it is not surprising to hear lliat oilier colonial issues are being prepared. No official information is at present available, but it is generally understood that Victoria and the Commonwealth of Australia are likely to be tiie next borrowers, and neither should have any difficulty in filling requirements.