CHEAPER MONEY.
COMMONWEALTH LOAN AT 5 PER CENT. By Telegraph.—Press Assn.—Copyright. Received March 31, 8.55 p.m. London, March 30. A Commonwealth loan is advertised for Friday. It is redeemable in 193545, and the final instalment of 50 per cent, is payable on June 16, and six months’ interest is payable on December 1. The proceeds are to be used for developmental works and the redemption of Treasury Bills. City opinion is that the Commonwealth has secured excellent terms. This is the first Dominion loan placed on a 5 per cent, basis since 1914. This is done in anticipation of an early reducton in the bank rate, and still more favorable money conditions than at present existing; thus the Commonwealth has the distinction of blazing the track for other Dominions.
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Taranaki Daily News, 1 April 1922, Page 5
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129CHEAPER MONEY. Taranaki Daily News, 1 April 1922, Page 5
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