LOAN FLOTATIONS
A PRESS CRITIC. (Onite<l Press Association—By Electric Telegraph—Copyright). (Received this day at 12.25. p.m.) LONDON, Jan. 28. The “Daily Telegraph” says there were lessons in the placing of large New Zealand cash conversion loans which the Commonwealth should not overlook. Some resentment was shown in Australian official circles at our comment on the Commonwealth loan. The result of the Australian loans will doubtless eventually bo absorbed by investors, but that they should regularly have to be nursed by the underwriters at the outset, indicates, putting it mildly, a lack of popularity. Those responsible for' Commonwealth finance should surely realise that as their most fundamental reason for the small response to five per cent trustee stock at ninety-eight, when a four and a half per cent issue at ninety-five of a neighbouring Dominion is eagerly snapped up. lo biiug out this fact in order that objections may be removed, does not seem a disservice to the welfare of the Commonwealth.
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Hokitika Guardian, 29 January 1929, Page 5
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161LOAN FLOTATIONS Hokitika Guardian, 29 January 1929, Page 5
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