NEW ZEALAND FINANCE.

King Country Chronicle, Volume VII, Issue 542, 15 February 1913, Page 5

NEW ZEALAND FINANCE.

THREE MILLION LOAN RAISED. AT FOUR PER CENT. NEWSPAPER CRITICISM. By TelckM-niill. JYcmh Akkikmiiljdii. Oo]i,\ null! London, Wednesday. New Zealand ia underwriting a loan of £'.], 000,000 at, 4 per cent., repayable in ]9<R! or liKi.'f. Thci I)raL payments will ba made on August Ist. The payment.:-! will bo spread over four months and Una, with accrued interest, will make tiio bonus to aubacribera about 17a. The Westminster Gazette yaya that New Zealand is overdoing : t. The market did not expect anything like £.'*, 000,000, and the natural ell'ect way to depress the market. The Gazette adds that some of this usual underwriters are refusing to underwrite the loan. MR MASSEY'S STATEMENT. "EXCEEDINGLY SATISFACTORY." |in Ti;i,i:i;jtAi'ii.—trkss anmiciwtion. | Marten, Thrimday. The Prime Minister informed a Rangitikei Advoca(e revrecientutivo this morning that the three million 4 per cent, loan at !>N had been mu-eesH-fully underwritten in London by t], o Hon. Jan. Allen. Mr considers this ia exceedingly naUafiuitory. Mo has had a cable every day .from London repjrting progroiw., but haw not been able before to divulge any information. Two Guineas for lour lines of poetry! Read Ton kind's Unseed Emulsion intimation every Saturday amongst news items. ,;