THREE PER CENTS.
The success of the West Australian loan of £750,000 at 3 per cent, must be gratifying to all the colonies, more especially to New Zealand, which set the example. The amount tendered was nearly four and a half times the amount required, and the average price was €IOO lGs Bd, yielding the investor a fraction under :> per cent. There have been four issues of three-per-cent. loans during the past twelve months, and each succeeding issue has realised a higher price than its predecessor. The New Zealand issue of .£'1,500,000 realised .€9l 8s Dd ; the New South Wales issue of .£1,500,000 brought COG 18s f>d ; the South Australian fetched £97 Is lid ; and now the West Australian loan has exceeded par by lGs Bd. To abundance of money in London and the growing confidence in the colonies must be attributed this splendid success.
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Bibliographic details
Hastings Standard, Issue 10, 7 May 1896, Page 2
Word Count
145THREE PER CENTS. Hastings Standard, Issue 10, 7 May 1896, Page 2
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