N.Z’S INTERNAL LOAN
TOTAL STILL UNKNOWN FINANCIAL MEN PERTURBED Concern is expressed in certain quarters in the city about the mystery which surrounds the policy of the Government with respect to its programme for internal borrowing. The present issue of 5* per cent, bonds or inscribed stock over the counter at the Treasury Office has been on offer since January, and, as yet, nothing has been made public as to how* much it is intended to raise this way, or how much has been raised to date. With a loan of unknown magnitude hanging over the New Zealand investing public at a time when overseas markets are not in the healthiest condition, it is only natural that financial interests here should be a little uneasy about making big commitments for very far ahead; under present circumstances there is no saying how the market will move in respect to interest levels. It is understood that representations are to be made to the Prime Minister for a definite statement about his intentions with the present loan. It is pointed out that no Government would attempt to float a loan on the London market without stating definitely at the time of the issuing of the prospectus how much it was intended to raise under the terms offered.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300510.2.144.8
Bibliographic details
Sun (Auckland), Volume IV, Issue 968, 10 May 1930, Page 11
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214N.Z’S INTERNAL LOAN Sun (Auckland), Volume IV, Issue 968, 10 May 1930, Page 11
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