NEW ZEALAND LOAN.
LARGELY HELD BY UNDERWRITERS. By Cable—Pres* Association —Copyright. “ The Times.” LONDON, May 13. J The city editor of ‘‘The Times,” writes: ‘‘The fact that - the underwriters shouldered the moat substantial part of the New Zealand loan is bound to influence future colonial Issues. It is known that borrowers, come Australian States, are anxious to raiae fresh money, but in the present circumstances it would be wise to moderate their expectations. A series of large overseas loans, the bulk of which would be left to the underwriters, might force the interest rate to the 6 per cent, level. There is a limit to the amount of undigested stock the underwriters can absorb.” ’ Received May 14, 10.80. p.m. LONDON, May, 14. It is estimated that the, proportion of the New Zealand loan, which will be left on the hands of the underwriters, will range from; ,65 to 90 per cent. ' ’ U
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Timaru Herald, Volume XCVIII, 15 May 1925, Page 12
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152NEW ZEALAND LOAN. Timaru Herald, Volume XCVIII, 15 May 1925, Page 12
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