SUBSCRIBED THREEFOLD.

Dominion, Volume 7, Issue 1964, 22 January 1914, Page 5

SUBSCRIBED THREEFOLD.

VICTORIAN LOAN RUSHED BY THE PUBLIC.

By Teleentpli-Prcsa Asßociatloc-Oojyrlsht

Ti' vi • U ? rulon ' January 2(1. the Victorian loan was subscribed threefold-the first time for six years that a colonial loan has met with'such success. | It is understood that syndicate stags applied heaviy on tho strength of tho i\ew bouth \\ ales loan having gone at a premium.

There is a probability of the bank rates being reduced to 4 per cent, on Inursday. or possibly later The "Westminster Gazotto" fears that the Victorian success will stimulate so many borrowers that congestion will agnm bn tho result.

The Globe ' says thnt a vast accumulation of wealth arising from the trade boom is now coming on the market and finds the Stock Exchange largely denuded of it? flo.-finc: supplies "of stooks. The hooks of the brokers are full of investment orders, and tbe position of the Stock Exchango is healthier than for many years. A PLEASANT VISTA. 'Times"—Sydney "Sun" Special Cables. (Rcc. January 21, y.30 p.m.) ™ London, January 20. I he. I lines, in a special article, says:—"What tho recovery of Imperial Lonosols means to our colonial kinsmen may be gathered from the cheering success of Hie Victorian loan. It would seem as if the lon* pent-up forces of investment needed but a little more encouragement to break forth into a flood of buying. Is it that tho insurance companies, not to mention others, have an accumulation of funds whirh they want to place, and which thev have delayed placing on account of the unsettled state of the world? It looks like it. There should be a relatively nuiet time abend, because the severe set-hack to Syndicalism in South Africa should he a chock upon labour imheavals for some time." (Rec. January 22, 0.30 a.m.) London, Januarv 21. The "Daily Mail" states that applicants for £100 scrip in the Victorian loan were allotted tho full ouota : larger applicants are only receiving 25 per cent.