CABLE NEWS

Taranaki Daily News, Volume XXXXV, Issue 174, 25 July 1903, Page 3

CABLE NEWS

I BY BLBOTBIQ TMLBORAPH—GOPXBI9PT.

THE QUEENSLAND LOAN

PES PRESS ASSOCIATION. London, July 23. The Times says that Queensland 3| per c-nt su clr, due in 1945, fell 3 1-5 to 98| on iho appnarancd of the new iesuf. arid Q leenslan 1 3 per cents fell one half to 90|. The paper adds thit ths constant succession of now colonial and muni-i cipil issues is having a bid effecS. There are too many demands and a large proportion if the big Govern-' ment issues of the last three years has not be-n pyuoanently ab-.rb< d. The Exchange underwriters have decided not to underwrite for seme time any colonial or corp ration lo ins. Th.< Times declares that this is a wi-JO decision and migh' with advantage have been taken sooner. Kecaived 24, 10.54 p.m.

London, July 24,

Six months interest on the Qaoensland loan is payable on January Ist. The accrued interest amounts to 5s 4d, and with the underwriting and discounts for advance payments, the net price is reduced to about 93|,

Sydney, July 24,

The Telegraph says that tbe collapse of Australian credit in Locdon h>s been rendered far more sev6re by the dominance which Socialistic legislation h»s secured both in the State and Federal Parliaments, and it was certainly held in London that the step now taken by the underwriters was as severe a check as CjuH ba given.