LOANS.
"STAMPEDE TO BORROW.' ADVICETO AUSTRALIAN GOVERNMENTS. - By TclcgraDh-Prcss Asscclatlon-Copyrlglit. London, February 7. The "Financial News," discussing Australian loans (aggregating .£27,000,000), foreshadowed, says: "Tho main reason for the stanipedo to borrow is tho referendum giving the Commonwealth power to 'assumo the Stato debts. The loans must be emitted gradually, so as to permit of assimilation by investors, without causing scrip indigestion among tho underwriters. It would bo well if tho State Governments consulted together as to tho timo of issue, and the competing Governments would bo well advised if they were to make easy the terms of subscription and not attempt to lower the rato of interest to throe per cent. It would also bo wise to attach sinking funds to future loans." . VICTORIAN PUBLIC WORKS LOAN.' • (Rec. February 8, 10.40 p.m.) Melbourne, February 8. ■ Tho Fedoral Government is issuing a public works loan of .£1,000,000 to tho Victorian Government at 3} per cent, out of tho Federal Notes Trust Fund. Mr. Fisher states that the same torms aro available to other Australian States requiring accommodation.
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Dominion, Volume 4, Issue 1047, 9 February 1911, Page 5
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176LOANS. Dominion, Volume 4, Issue 1047, 9 February 1911, Page 5
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