ADDLED LOANS
, A NEWSPAPER OPINION. 'Received This Morning, 12.10 o'clock.' LONDON, July 19. The Daily Telegraph says .that 1911 was a DplMidid time for the .undet--wrilers. Evtch new *£sus> was greedily Gwf&'owed. Tlie past three mouths, however, has given an almost unprecedented Klii. of "adtHed" issues. Of cipbt issius, including that of New Zealand, 'with an aggregate of £21,7oOj,CCO, the underwriters have ;e----cdved 75 per cent. All of the loaus. aire new at a discount. "It is evident," eay,s the Telegraph, "tliat the market neecte a rest. .Fortunately, ithe burden, is well (distributed. It h likely that the underwriters in the .autumn ,will have to pay higher interest upon the loans by which they carry stocks than the stocks • will cam. The .danger of excessive underwriting maty assert itself then."
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Wairarapa Age, Volume XXXII, Issue 10664, 20 June 1912, Page 5
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130ADDLED LOANS Wairarapa Age, Volume XXXII, Issue 10664, 20 June 1912, Page 5
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