GILT-EDGED SECURITIES.
ENORMOUS DEPRECIATION,
By TelecraDh—Press Assoniitlon-OoDrrlEhl (Rec. January 26, 8.5 .p.m.) London, January 26. Lord St. Aldwyn, presiding at a meeting of the London Joint Stock Bank, stated that nine of the largest London banks bad written off for depreciation of gilt-edged securities since 1903. The Joint Stock Bank had adopted tho policy of investing in short-dated bonds instead of consols.
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https://paperspast.natlib.govt.nz/newspapers/DOM19120127.2.54
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Dominion, Volume 5, Issue 1348, 27 January 1912, Page 5
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62GILT-EDGED SECURITIES. Dominion, Volume 5, Issue 1348, 27 January 1912, Page 5
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