AUSTRALIAN LOAN
POOR RESPONSE IN LONDON. Per Press Association —By Electric Telegraph—Copyright). - • v LONDON, Aug. 31. - The result bf 'the- tenders for the five millions worth -of Commonwealth twelve month billH /certainly has not improved Australia’s financial standing in London, although the high discount rate is closely seconded to the market anticipations. The position" apparently shows less confidence in the Commonwealth finances than is really indicated on a closer study since a combination of many circumstances, largely technics™ in * their nature, makes the present- moment especially inopportune for any considerable borrowing, irrespective of the borrower’s identity. / BRITISH TREASURY FEELS THE PINCH. LONDON, Aug. 31. Australia is not alone in having to pay a high price for her Treasury hills, for yesterday’s issue of British three months’ Treasury hills was placed at only a shade under 5§ per cent., which is the highest rate paid for a British Treasury bond for a long time.
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Hokitika Guardian, 2 September 1929, Page 6
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153AUSTRALIAN LOAN Hokitika Guardian, 2 September 1929, Page 6
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