THE MONEY MARKET.
FAILURE OF A LOAN. Bj Telegraph—Press Association. Auckland, Friday. The manager of an Auckland bank has been advised by cable that the attempt to float a Vancouver City loan for one million in London has bee* a, comparative failure. It was underwritten at 94%, and the underwriters hare bee* compelled to take 91 per cent, of th« loan. The stringency is attributed to the general condition of the world's money market, consequent on the Ital«Turkish war, the British coal «trike, and affairs in America and other influences. It is also stated that a« the result of recent Imperial legislation restrictions, the investment of trust moneys in Consols and like securities has been large. In the event of the restrictions being removed it will result in a larger field of remunerative investment at Home. ,
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Taranaki Daily News, Volume LIV, Issue 249, 20 April 1912, Page 6
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136THE MONEY MARKET. Taranaki Daily News, Volume LIV, Issue 249, 20 April 1912, Page 6
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