THE FOUR MILLION LOAN.
The reception aodorded New Zeniiand'-s four million lloan. in the Home market lias been ,\no£it discouraging. The Kiable tells m that 87 per cent, of the loan has been; takem, up by the under- : Writers. The London Times is, perhaps, warranted in drawing' the concktsiiom ithat the price loffeired for this loan makes the seou'ritiesi for existing loams look dear. It must be .remembered, however., 'that the. money had to be found to redeem. Hoans - wibich ■were falling due, and tint the market was unfavourable. Cabinet wins probably influenced in issuing short-I dated debentures by the -fact that J tfliere. were indioationis of the murket being easier in the course of a year oi- two. ;We cannot think that Home 'investoris will take advantage cf the 'necessities lof thie Dominion to levy 'blackmail. ' /
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Wairarapa Age, Volume XXXII, Issue 10659, 14 June 1912, Page 4
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137THE FOUR MILLION LOAN. Wairarapa Age, Volume XXXII, Issue 10659, 14 June 1912, Page 4
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