N.Z. LOANS
I . BRITISH FINANCIAL DISCUSSION
(United Press Association— By Electric
Telega Copyright).
(Received this dav at 10 a.m.) . LONDON;- Sept.i. 11. r Financial-circles are taking' consider-' able interest in . New, ) Zealand’s finances .in, view of the necessity of finding £11,600,000 to repay four per cent Joans falling due on Ist November. It is , believed a certain portion df this sum was found in New Zealand, but
the present stringent monetary condiJ, tions here, the flotation of aldan is .■only possible on very costly hi terms. 'Consequently the money market .would sidt .-be surprised if New Zealand; were granted accommodation in the shape
of' Treasury.’ Bills, preferably of . six tnonths currency, as these jare more popular than yearly Bills and could bo renewed at the end of the currency, if the conditions are still unfavourable tor. a. long term loan, ; o
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Hokitika Guardian, 12 September 1929, Page 5
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141N.Z. LOANS Hokitika Guardian, 12 September 1929, Page 5
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