COMMONWEALTH LOANS.
NO BORROWING IN AMERICA. INTEREST TOO HIGH By Telegraph.—Press Assn—Copyright. New York, Feb. 8. The Australian Press Association, learning that the Federal Reserve Board was making inquiries concerning the flotation of the Commonwealth loan in London, asked the board the purpose of the inquiries. The correspondent was informed that.' some time ago information was requested from the board concerning the possibilities of floating an Australian loan in America ' The board pointed out that high interest, probably 8 per dent., would be required The board later, learning of the flotation of the Commonwealth ' loan in London, now desired to know the terms and conditions.
The correspondent asked whether the board intended to make any purchases of these securities, and was informed that individual members might, upon their own account; the board, however, had no such intention. :i Mr. Sheldon, Australian representative, interviewed, said the Australian Governments had not attempted to float a loan in America, or even inquired concerning a loan, and he was sure would not for a moment consider paying 8 per cent, for money.—Aus. and N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19210211.2.41
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 11 February 1921, Page 5
Word count
Tapeke kupu
182COMMONWEALTH LOANS. Taranaki Daily News, 11 February 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in