AUSTRALIAN LOAN
HEAVILY UNDER-SUBSCRIBED CAUSE OF PARTIAL FAILURE BORROWING IN ADVANCE (United Press Assn.—Elec. Tel. Copyrig-ht) CANBERRA, June 14 The Commonwealth £4,500,000 internal loan to finance State works, which closed to-day, was heavily under-subscribed, but to what extent will not he announced until to-morrow. Treasury officials consider the partial failure was due in a large measure to borrowing in advance of the Commonwealth loan by semi-Govern-mental institutions, which offered higher interest rates.
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Bibliographic details
Waikato Times, Volume 124, Issue 20831, 15 June 1939, Page 7
Word Count
72AUSTRALIAN LOAN Waikato Times, Volume 124, Issue 20831, 15 June 1939, Page 7
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