PAYING DEARLY
AUSTRALIAN TREASURY BILLS
(United Press Association —By Electric Telegraph—Copyright)
(Received 2nd January, 9.5 a.m.) SYDNEY, This Day. The “Morning Herald” says the issue of 5,000,000 Treasury bills at 5 per cent, reveals that compared with the rate available for first-class commercial security Australia has been compelled to pay dearly for this six months’ accommodation. The market price for best paper, the “Herald” adds, is £2 6s 3d per cent., so that Australian credit, instead of improving, has grown worse, due possibly to the unsettled political outlook in the Federal sphere and the recent threats of inflation
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 2 January 1931, Page 5
Word Count
98PAYING DEARLY Nelson Evening Mail, Volume LXIV, 2 January 1931, Page 5
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