SIX MILLION LOAN.

Shannon News, 3 May 1927, Page 2

SIX MILLION LOAN.

, CHIEFLY FOR RAILWAYS. WHAT PALMERSTON IS WAITING FOR. "The New Zealand loan on the London markot," says the Hon. W. Mownie Stewart, "is for £6,000,000. It is a 5 per cent, issue at £99 10s, compared with a similar issue last year at £9B 10s.~ The return 1o investors with redemption will i)e £5 0s lOd per cent., compared with £5 2s 6d per cent, on last year's loan. The proceeds will "be allocated to— Railway Construction— £ Additions and improvements 3,000,000 Hydro-Electrical Development 900,000 Telegraph Extension 750,000 Other Public Works 1,350,000 '.■■."" ! £6,000,000 ( • Other Colonial loans recently issue'd on the London market areas' follow: South Australia: £2,500,000— 5 p.c, at £9B Western Australia: £1,500,000—5 p.c. at £97 10s. . ■ Commonwealth of Australia (Conversion Loan)! £11,000,000 odd-5 p.c at £9B.