COST OF LOANS.
PRIME MINISTER- REPLIES TO CRITICS., ■ CrtmnisntiHp on a recent utterance bj* t'ho Prime Miiiister on' the", subject of 'finance, a local Opilbsitiotf liew'spaper'reriiarkeiy yeste'rdny ' ; "It .seems' necessary to say orice mors 'that' according to Mr. A. M. Myers-, who .Minister for Finance' when' tlio .£4,500,000 loan was raisedi/ and wild, lib dou\)t knows fa great deal more about it than' Mr. Masiey, the cost of .the .traiis- ! itctio'n, all told, iVorks' out at M 18s. 9Jd. , [ier cent."
'.In. reference to' .Hie' foregoing.- Iho Miiifeter ' yesterday showed !to a' DbinSrosr.' repbrfcr an s offl» • cinl' memorandum from the Secretary to the Treasury (Mr. G. F, C. 'Cnmpliell), in' which that official stated' that 'the to'the* eouiifry of Hie.ii,soo,ooo I loan: '(raised By. the, Mackenzie'- Govern- • m«W was .£,¥ 2s. 9d'., per cent, In the Same jneffiornndiiifr, the' Secretary to thft I'treasury stated that the'cost to the coun- , try of tlie five million loan' raised by. the i Ward Government wa"s .S4 12s. BJ<IV fie'r Cl'llt. 4 , , . , . ' , . : , Mr. Mass'ey' h'a's; information from L 6«. idon that all told, of the. lotin ■ &cei)tly'.rSisdd by his Gbvei'ffmtnfc tfas ! ill ss. Gd. pet cent.
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Dominion, Volume 6, Issue 1709, 28 March 1913, Page 4
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192COST OF LOANS. Dominion, Volume 6, Issue 1709, 28 March 1913, Page 4
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