AUSTRALIAN FINANCES.
BT ELECTRIC TELEGRAPH.—COPTIUOHT). London, December 8. Tub Financial Times declares that the market is suspicious of Queensland coming with a new loan. The Tasmanian Government is trying to place some of the old Bills in the London and Westminister Bank's asset. New South Wales has placed enough Bills to meet her present wants. bir J. F. Garrick denies that Queens • land intends to float either a loan or Treasury Bills at present. Sir J. Bray admits that overtures were made to him to advance a South Australian loan of fix hundred thousand at about 92, but they were declined, the colony not wanting to borrow till early next year, when a better price is expected. Adelaide, December 9. The New Loan Bill asks for power to borrow £1.000,000, chiefly for the construction of railways and public works. The rate of interest is fixed at 3J per cent. The Treasure!' pointed out that the portion of the last loan which had not been floated would be placed on the market at the first favourable opportunity.
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Waikato Times, Volume XXXIX, Issue 3193, 10 December 1892, Page 2
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176AUSTRALIAN FINANCES. Waikato Times, Volume XXXIX, Issue 3193, 10 December 1892, Page 2
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