QUEENSLAND LOAN
TO BE INVESTED IN LONDON COST ESTIMATED AT LESS THAN 6 PER CENT. By Telegraph—Press Association—Copyright (Rec. October 13, 7.20 p.m.) Brisbane, October 13. In the Legislative Assembly, Mr. Theodore, explaining tho American loan, said the Government was disinclined to break away from the traditional lines of borrowing overseas, but as the London financiers, influenced apparently by political considerations, had made up their minds to keep Queensland off the London market, and there was insufficient local money offering, the Government had decided to accept an American offer made through the Commonwealth Bank, and under the advice of the governor of the bank. The estimated cost of the Joan would work out at less than 6 per cent. Arrangements had been made for tho loan to be invested in London and drawn upon as required.—Press Assn.
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Dominion, Volume 15, Issue 17, 14 October 1921, Page 7
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137QUEENSLAND LOAN Dominion, Volume 15, Issue 17, 14 October 1921, Page 7
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