NEW ZEALAND LOANS
CONSOLS WEAK AUCKLAND LOAN AN “ EXCELLENT INVESTMENT.” By T-ilegraph—Press Association —Copyright (Received February 19, 9.45 p.m.) LONDON, February 19. The “ Daily Mail ” says that Consols are weak owing to tho til success of the New Zealand loans. The underwriters have to realise securities to meet the paper adds that high-class borrowers are busy arranging for fresh loans, some placing short term bills at 'a high rate in order to tide over the present difficulty. The city of Auckland is issuing £IOO,OOO 4i debentures at par, payable in 1936. The “Financial Times” says that the issue is an excellent lock-up investment. PUBLIC.SUBSCRIBE 20 PER CENT. LONDON, February 18. The public subscribed 20 per cent, of tho New Zealand loan. There were many small amounts.
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New Zealand Times, Volume XXXVII, Issue 8359, 20 February 1913, Page 8
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126NEW ZEALAND LOANS New Zealand Times, Volume XXXVII, Issue 8359, 20 February 1913, Page 8
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