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SOUTH AFRICAN
LOAN.
THE BRITISH BMBARGO.
, LONDON, Friday.—A South African
loan of £5,000,000 at 6 P e r cent, has
been underwritten at a purchase price
of £96 per'cent
The Australian Press Assoolation
understands that the fact that South
Africa is Issuing a loan does not imply
a withdrawal of the embargo on
the issue of trustee stocks by the
British Government, but an oxception
was made in favor of South Africa,
Which has £7,000,000 worth of Treasury
bills maturing shortly.
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