AUSTRALIAN LOANS.
FAVOURABLE RECEPTION. BY CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, Nov. 27. The Financial Times says the dearer terms of the new Commonwealth loan of £6,000,000 at 4f per cent, which has been underwrittn at 97|, have favourably influenced the market. As it is a long dated and well secured investment it should appeal especially to trustees.
The Financial News says the yield is not very high, but is indicative .of the trend of “gilt-edgeds.” The Daily Express remarks that it is generally anticipated that there will be a good response. The Daily Chronicle says the loan has rather stimulated interest in existing oversea securities than otherwise on account of the new lower rate of interest on loans of this type. The Morning Post says: “It will be seen that the Dominions are now evidently beginning to break through the 5 per cent form of borrowing. The Dominions certainly cannot complain about not obtaining preferential treatment here where financial requirements are concerned. There is a prospect of a fair response to these issues because there is rather a scarcity of stock among trustee securities at' present.”
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Hawera Star, Volume XLVIII, 28 November 1924, Page 5
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184AUSTRALIAN LOANS. Hawera Star, Volume XLVIII, 28 November 1924, Page 5
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