MILLIONS SAVED
BY BRITISH GOVERNMENT. IN RECENT CHEAP BORROWINGS. (United Press Association—By Electric Telegraph—Copyright.) - LONDON, September 25. The Government yesterday sold £48,000,000 worth of three month treasury bills, the rate of interest being 80/- per centi per annum, compared with 112/8 per cent, a year ago. This ia the lowest rate ever recorded. Cheap borrowings have already saved the Government £11,000,000 during the present financial year. The “Evening News” city editor, referring to die. New South Wales loan, thinks that a lower price than £IOO is unjustilii ile, and adds that the 4) p->r cent Commonwealth issue at par should be popular since ample money is available.
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Hokitika Guardian, 26 September 1932, Page 5
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107MILLIONS SAVED Hokitika Guardian, 26 September 1932, Page 5
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