NEW ZEALAND LOAN.
TORRENT OF NEW ISSUES. UNDERWRITERS AND THEIR TACTICS. By Telegraph—Preee Association—Copyright (Rec. October 10, 5.5 p.m.) London, October 18. The scrip of t'lio recent million Now Zealand loan is being sold at 10s. discount. Tho "Daily Telegraph" says it is doubtful w'hether . tho underwriters really are being saddled with Such heavy, liabilities a.3 apparently is tho case. Thoro is reason to believo that investors themselves aro frequently guarantors or so-called underwriters.' Undoubtedly insurance companies and other big corporations tako advantage of tho underwriting' commission to securo amounts they want at a cheaper rate, but purely for investment. Tho " Economist " declares that members of tho Stock Exchaligo aro slightly amused at the idea of a boycott, considering it as well-nigh impossible to carr.7 out effectively, but they acknowledgo that a mere threat may be calculated to bo of somo uso in stemming tlie torrent jof new issues.
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Dominion, Volume 7, Issue 1885, 20 October 1913, Page 7
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149NEW ZEALAND LOAN. Dominion, Volume 7, Issue 1885, 20 October 1913, Page 7
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