1 As a consequence of the easing of the money market it is understood that the Dunedin Corporation,. in common witli.ii number of municipal bodies, is already negotiating for the raising of loans which have already been authorised but have not been floated owing to the hitherto adverse money market. The. Dunedin "Star" states that from what can bo gathered tho rate of interest which municipal borrowers of standing will have to pay for money raised in the near future will be 4J- per cent. That.is to say, 4j- per cent, municipal bonds have good prospects of flotation on tho London market at par, hut tho deduction of charges,, etc., which in the caso of municipal issues are said to amount to fully 3 per cent., would virtually be equivalent to tho loan netting the borrower from £96 10s. to £U7 per £100. •
Tor Bronchial Coughs and Culdj, .Wood*' Great PepDormint Que, li. fid.*
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19140204.2.116.3
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 7, Issue 1975, 4 February 1914, Page 9
Word count
Tapeke kupu
154Page 9 Advertisements Column 3 Dominion, Volume 7, Issue 1975, 4 February 1914, Page 9
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in