STATE ADVANCES LOAN
STATEMENT BY CHAIRMAN OF
BOARD
At the annual meeting of the Trustees' Executors and Agency Company of Dunedin, Mr. G. R. Ritchie, in referring to Interest rates,.is reported as saying, inter alia, that.it was believed that there was very little money offering for the State Advances Corporation issue of an unspecified amount for seven years-at 3i per. cent. The chairman of the. board of. directors, of the State .Advances. Corporation, .Mr. A. D. Park, when, his notice was. drawn to the statement,, replied that- Mr. Ritchie was not in a position to express an opinion as to the response to the corporation's issue any more than- the corporation would be in relation to the internal management of the company at-whose meeting' he, spoke. Mr. Park added that if Mr. Ritchie's intention was to create an impression that the corporation's general lending rate of interest, at present 4.1-8 per cent., was facing a prospective rise, then he desired-to announce that such was not the case.
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https://paperspast.natlib.govt.nz/newspapers/EP19370610.2.130
Bibliographic details
Evening Post, Volume CXXIII, Issue 136, 10 June 1937, Page 11
Word Count
167STATE ADVANCES LOAN Evening Post, Volume CXXIII, Issue 136, 10 June 1937, Page 11
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