N.Z LOAN
WHY TERM IS SHORT. (By Telegraph —Per Press Associationj WELLINGTON, June 9. Mr Forbes, in a statement to-day. announced that the New Zealand loan of five millions was underwritten last week in London, and has been placed on the market there. He says that, from a variety of causes, the long term market is very difficult, and under the present conditions it was deemed advisable considerably to shorten , the term that is usually offered for New Zealand loans. In view of all the circumstances, he considered the term s of the loan must be regarded as satisfactory. Tli e loan, he said, would be allocated as follows: Public Works three million sterling; electric supply, one million sterling; redemptions, one million | sterling.
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Hokitika Guardian, 10 June 1931, Page 6
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123N.Z LOAN Hokitika Guardian, 10 June 1931, Page 6
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