NEW ZEALAND LOANS
PRIME MINISTER EXPLAINS. Wellington, January 26. The position regarding New Zealand loans maturing during the next few years was briefly stated by Sir Joseph Wtard, the Prime Minister, to-day. He said that a statement had ;been published commenting on the effects of New Zealand maturing loans on the Dominion’s London borrowing. The amount of loans maturing had been quoted at £80,000,000, and that statement might convey the impression that debt to that amount had to be renewed on the London market.
“As a matter of fact, apart from the maturing of £29,000,000 in 1929-30, a considerable portion of which has already been disposed of, there are no London loans falling due in London in 1930-31 or 1931-32. The loans maturing in those years are held locally and will not affect our overseas borrowing policy,” said Sir Joseph Ward.
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Manawatu Herald, Volume L, Issue 3900, 29 January 1929, Page 2
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141NEW ZEALAND LOANS Manawatu Herald, Volume L, Issue 3900, 29 January 1929, Page 2
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