21 OCTOBER 1922, Page 48

FINANCIAL NOTES.

Although the domestic political crisis has not had any disturbing effect upon the Stock Markets it has probably exerted some restraint upon financial activities in the shape of fresh capital issues. One or two important foreign loans, including a South American issue, have been discussed for some time past, but there is some uncertainty as to whether the issues may not be delayed .until the political outlook is clearer. Meanwhile, the offer is being made this week of a further issue of Under- ground Railway 4/ per cent. Debentures to the amount of about £4,000,000, carrying a Government guarantee.