GOVERNMENT STOCK
HIGHER INTEREST RATES(By Telegraph,—Press Association.) WELLINGTON, Tuesday. The Minister of Finance, Sir Joseph Ward, announced to-day that, as from Thursday, the present issue of 5 1-8 per cent, debentures and inscribed stock is being withdrawn and an issue bearing interest at 5£ per cent, with a currency to February 15, 1937, is to be substituted -therefor. In making this announcement the Minister said the issue would be used for State advances, land for settlement and funding other accounts that are providing for developmental works.
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Bibliographic details
Waikato Times, Volume 107, Issue 17913, 8 January 1930, Page 7
Word Count
86GOVERNMENT STOCK Waikato Times, Volume 107, Issue 17913, 8 January 1930, Page 7
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