N.S. WALES LOAN.
FURTHER CRITICISM. J3y Cable—Press Association —Copyricht Australian and N. 15. Cable Association. (Received March 28, 5.5 p.m.) LONDON, March 27. The financial editor of the ‘‘Nation and Athenaeum,” commenting on the New South 'Wales loan, emphasises the lack of details in the prospectuses, m:i proceeds to point out the growtli id the State’s debt and the increase of the annual charge thereon by a million since 1924. It is, he says, little short of a scandal that New South Wales is able to raise money so cheaply by means of the Trustee Act. Why, he asks, should its loans, offering uncertain security, be admitted as full trustee securities when English electric light and power debenture stock are not treated in a similar way?
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Timaru Herald, Volume CXXIII, 29 March 1926, Page 9
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126N.S. WALES LOAN. Timaru Herald, Volume CXXIII, 29 March 1926, Page 9
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