The telegram announcing that the New Zealand debentures have been offered for sale, instead of being hypothecated for an advance, will be received with gratification. Probably the low rate of interest prevailing at Home, and the demand for investments, induced the agents to tost the market, and by fixing a different rate of interest to that at which the £4,000,000 loan was taken they prevented the new loan from competing with the one previous. The intelligence with regard to the new loan is however meagre. Supposing that there are no allowances for accrued interest, the price is fully equal to that last negotiated. Probably the balance will bo at once absorbed. It is not unusual to dispose of the bulk of a loan after the first tenders are in. This has boon the custom in several previous instances with regard to New Zealand loans.
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https://paperspast.natlib.govt.nz/newspapers/NZTIM18760805.2.9
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New Zealand Times, Volume XXXI, Issue 4796, 5 August 1876, Page 2
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144Untitled New Zealand Times, Volume XXXI, Issue 4796, 5 August 1876, Page 2
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