AUSTRALIAN LOANS.

Dominion, Volume 6, Issue 1598, 15 November 1912, Page 5

AUSTRALIAN LOANS.

CONFERENCE IN LONDON. .: i? Telegraph.—Press ABSOciation-'CopyrißW ■■'■'. '■■-- ]. ■■':.-'■.). :•■,.'': ; Sydney,- November If. ; , :Tlie>'Nenr' South: Wales' Agent-General (Mr.'T. , A.'CougHan) has recommended that'.a, Minister'shouia London .in 1913.tp confer with the New South Wales. '■'.Government's .financial adviEfflrsj.regarding. the flototion'jo'f'iuVure loans'...' , '-" 1 . -'a , ~;./,.'- •-. It; is stated- that 'the Government • apn . proves, the/recommendation,-.and that, a' Minister;;cleparta shortly. .:'■,. '<;', '■'/■ ■.. .'..;.. ■ SYDNEY LOAN OVEEjSUBSCRIBED. ;;. ' "■ Sydney, 'November *U..■. ' The City of Sydney loan, of .£500,000 at 'A per cent., has been largely, oyer-sub- • scribed. -Thejpublic-subscriptions. ..total jeebo.ooo.- v ■ ■ ..■ ;:,\ r*:; QUEENSLAND ISSUE. '; ' . ■ •;'-,:. '■' '.' London, November 18. , The undfirwriters -. receive about ■■■. a ■ quarter of the Queensland loan.: It is ofißcdalls;' stated that the total public 6ub- . Bcription totals-30".per'cent.. ;'.- '...■; . '■ While the finances" of' the varions Departments havo thus been causing no end \of trouble to the New So"" 1 Wales Minis.trjr^'the".Government- (soys! the Sydney "Telegraph") has experienced extraordinary difficulties in regard to its'loan flotation 'in London. ~Vr; C?"7n certainly has en.: assurancf- • t!i: i u. Jon has been suc- ' cessfully' to the extent of a million and ;. half, but tue failure of the negotiations for borrowing .£3,000,000. or .more; negotiations whioh it was believed i at one time had been ' concluded, has giv«,i 'Jib Treasurer , -and thtj . Goyernnvent soiir-tliinp of ashoci. On top of this, >'■ is boiii-ved, has. come, a request from th« Agent-General that the Treasurer liimw'.t "aho'.Od • visit london ■ and etraigbbn out, 'on behalf of the Government.scaic A the uiHioulties that havo. arisen , 'in•■'ififuxl to loan : transactions there. * . __j.