GOVT. STOCK
(Press. Assn.-
interest rates TWENTY PER CENT. CUT. WILL PROBABLY BE MADE. MORTGAGES NOT TOUCHED.
— By Telegraph — Copyright).
Wellington, Saturday , It is authoratatively stated that interest rates on Government securities will he reduced hy 30 per cent. on the original rates. There will he an increase in stamp duty on Local Body debentures from 10 per cent. to 20 per cent. Also there will be 'a reduction of deposit rates, but mortgage interest rates are not to he touclied. The fact that mortgage interest rates are not to he touched is an indication that the Government hopes that it will be possible for mortga.gors and mortgagees to arrive at a suitable adjustment without the necessity for legislation. It is anticipated that legislation d ealing- with interest rates will be introduced early in the coming week.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19330220.2.41
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 461, 20 February 1933, Page 5
Word Count
137GOVT. STOCK Rotorua Morning Post, Volume 2, Issue 461, 20 February 1933, Page 5
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in