The Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY JUNE 22, 1885. COLONIAL LOANS.

Manawatu Standard, Volume X, Issue 20, 22 June 1885, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY JUNE 22, 1885. COLONIAL LOANS.

The Colonial Treasurer, m his Financial Statement, compared New Zealand with other colonial loan's m the following remarks • — Hon. members are aware that within a few days of each other three loans besides our v own were placed m- the market, namely, those of Victoria, Queensland, and •South" Australia. ■Ts. is impossible to tell the exact rate yielded, by a loan from the selling .•pricey because there -is always' ini eluded more or less of allowanced in* tl>e shape of advantages of accrued interest and discount. ' I asked the' loan agents, to cable me the net results of the four loans, and hon. members~will be pleased, whilst the pessimists .amongst, them will be surprised^^oX |efcch ; r;that the New, ZealaLhif|tea^l :fej^e.d. 1 $£ ;Jiighest j price^aifc ',Tl?^ j^^itl^-ielegram ' receivedTrdni i^e^^^u^Gpheral : — J " Net price, 3'eitm'ctitt^^nterest, discount : Victoria, i? 99 is 3d ; Queens-j land^ .£97 8s l,od ; New -ZeaUfltf,' £W 8s 2d ; Adelaide, £99 5s 6dq 5p that, we ; were nearly a fifth per cent better than Victoria, an eighth per cent better than South Australia, and more than two per cent feetter than Queensland. It is;right, however, to say that the Victorian. Kan- was larger m amount, and that during the few days interim the market had somewhat improved. Still, we' cannot avoid seeing that we are; fortunate m the • j udgtneg t ptsfi*, of, the immediate issuer of our loans:. ■ — 4-the Bank of England* . ; \> *.-»• i 1