QUEENSLAND LOAN.

Waikato Times, Volume XXXVI, Issue 2945, 30 May 1891, Page 2

QUEENSLAND LOAN.

A COMPLETE KAILUIiIi.

(UV i:T,K<TItIC TICLKiiKAI'II. —COI'Y HICH r). Lo\]io\ May 27. Tkxhkks t' >;• (Ik.! Queensland per cent, loan of two and a-half millions, '.villi :i minimum of 01, were to-day. Only i':i!ld.Soi| was for, and it. bus Vim decided Ihai the balance of tli'! loan shall remain open for a week at the minimum. Xone of (lie syndicates subscribe j, ;ts they have not unloaded the previous loans of the. colony. The result of the Que.'ns] and loan surprised even the pessimisms. Among the reasons alleged in the eily for tin; astounding failure are distrust of Queensland republican tendencies. refusal of the colony to conf-ibute til the nival 'lef'iioe sch-'inand her disposition to follow an isolated policy on other quest ions, The Stock Exchange manifests delight at file failure, and predicts that stock will be secured at as low a price as 1)0. Lt suggests the t. 'iun ir irv renewal of li per cents, which have matured. and urges the withdrawal of the three hundred thousand thai was offered, 011 the ground that il. is 100 small 11 liii". Dealers think if is a mistake to keep 0,,, ] o;in ,-ipon, as furthersubserip ions are uulik-ly. Loxnox. May l'.s. Til" <i'.ieeus]ii!i'l loan is quoted at 1 per cent. di: count. The Times says the loan ought to bo confined to tin; redemption of debentures. The time was belly chosen for lamo-hing ii, the .syndicates who usually teud'T being )110 ( [..:.p]y j u . volwd t 1 op 'rate, and the rate of intere.sf too low. Tlic brokers complain that, tenders were opened in private. Tile Daily Xews thinks if v. as rash to olF'r the loan without previously securing tenders from thfl banks, or ascertaining whether the syndicates would take it up. The general opinion in the city is (hat Government ought (o iisue short, term treasury bills or renew her debentures for six months. It is reported that the Queensland National iiaiil; \v;is ready i > subscribe if tlic public had oil'red half. l!;:isr,Axi:. May 20. In connection with (lie failure of the Queensland Loan it is slated that, the Rank of England b-'ing fullv pos*<l of fh" facts has expressed a willingness to assist the c-lony to promptly meet its engagements, and therefore 110 diflieulty will be experienced in meeting the payments duo on Julv Is I.