SOUTH AUSTRALIA.

Dominion, Volume 3, Issue 797, 21 April 1910, Page 5

SOUTH AUSTRALIA.

ANOTHER LOAN IMBROGLIO; By Teleeraph-Press Aesociatlon-Oopyrlght (Bee. April 20, 9.25 p.m.) London, April 20. . The statement of the South Australian Treasurer (cabled on April 16)-that his Government were not concerned in the flotation of the loan then impending in London, "which probably represents recent private purchases : of stock"—has caused much comment in financial circles in the city. The general opinion i B that the Treasurer's statement will seriously affect the success of the flota-

[The amount of the loan is ,£789,400, and it has been stated that the rate of Si pe f, c J en >> and. the price £101 It was cabled from London that the loan r is being jointly, issued by Samuel Montagu and tho Bank of 4delaide._ At. the. same timo an explanation by Mr Peake (who is Premier and ■'Irensurer of Sonth Australia, though his .-following was; placed i n a mind'rity by the recent Slate_oleotion> was cabled from Adelaide. Mr. Peake said that the London cablegram regarding a South Australian loan refers to portions of two loans of half a million each, which were sold privately through Elder, Smith and Company a few weeks ago. The pur chasers are putting tho issue on the market, and it is not being floated as a South Australian loan at all. The Go vernmont," Mr. Peake adds, "is not contemplating floating a loan; it has monov to carry it. over many months."]