AUSTRALIAN LOANS
TWO SUCCESSFUL ISSUES RAISED ON LOCAL MARKET (United P.A. —By Telegraph — Copyright) Reed. 9 a.m. SYDNEY, Today. Sydney financial commentators regard the success oi two loan issues on the Australian market in the past week as indicative o£ the large amount of money still available tor investment in gilt-edged stocks such as provide a steady income free from all risks. These, issues were the Melbourne Harbour Trust, £400,000, with interest at £5 12s 6d per cent., and the Sydney Water Board, £1,500.000 which returns £5 11s per cent, and which met with a ready response. Improvement also In the market tor Commonwealth Government loans is hailed as a sign of health, since buying has not been at the expense ot industrials or general trading stocks.
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Sun (Auckland), Volume III, Issue 703, 1 July 1929, Page 10
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127AUSTRALIAN LOANS Sun (Auckland), Volume III, Issue 703, 1 July 1929, Page 10
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