New Zealand Times. (PUBLISHED DAILY.) THURSDAY, AUGUST 10.
An unfortunate accidental error in our issue of yesterday completely altered the sense of the Premier’s remarks concerning the price of the last loan. As a matter of fact, though that loan has to pay 5 per cent, interest in contrast with 4£ payable on the £4,000,000 loan, yet on account of the one being taken up at par, whilst the other netted 91|, the rate of interest on each will be practically equal. ■ That is to say, we shall pay no more interest on the sum netted by the last loan than we are paying on the £4,000,000. Indeed, it is not impossible that it may turn out, when the necessary commissions and interest are known, that the absolute interest on the sura netted by the last loan will be less than that on the not proceeds of the £4,000,000 loan.
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New Zealand Times, Volume XXXI, Issue 4800, 10 August 1876, Page 2
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150New Zealand Times. (PUBLISHED DAILY.) THURSDAY, AUGUST 10. New Zealand Times, Volume XXXI, Issue 4800, 10 August 1876, Page 2
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