24 DECEMBER 1927, Page 28

* * * *

New SOUIR WALES RESULTS.

III view of the criticism offered in, certain quarters with

• regard to the extent of New South Wales borrowing it is _scarcely surprising that the loan of £7,000,000, recently offered,

• should have hung fire, and this week it became known that .underwriters had taken about 60 per cent. All the same, the terms of the Loan, namely, 5f per cent. at 99i, were really attractive, and at the moment of writing the stock, -although -quoted at a small discount, is being rapidly absorbed by purchasers in the market, and it would not be at all surprising to see it, ere long, at a small premium.