IS LOAN WANTED?
WALL STREET PREDICTS MONEY FOR AUSTRALIA BANK OF ENGLAND GOVERNOR IN NEW YORK (Received Jan 20, 5.5 p.m.) NEW YORK, Jan. 19. The arrival of Sir Montague Norman, governor of the Bank of England, has given rise to much speculation on Wall Street, including frequent predictions that the visit is partlv connected with a large- Australian loan expected shortly. It is pointed out that Australian "bonds valued at many millions of pounds are maturing in 1927, and while no definite amount of the loan is mentioned, it is believed the offering will run over 75,000,000 dollars, which is the amount of 5 per cent, bonds marketed here last July. Morgan’s however, state that no overtures had yet been made regarding a new loan. Sir M. Norman’s presence is also taken to indicate a probable simultaneous reduction of the re-discount rate by the Federal Reserve Bank and the Bank of England. —A. and N.Z.C.A.
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https://paperspast.natlib.govt.nz/newspapers/GIST19270121.2.38
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Gisborne Times, Volume LXV, Issue 10311, 21 January 1927, Page 5
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156IS LOAN WANTED? Gisborne Times, Volume LXV, Issue 10311, 21 January 1927, Page 5
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