LOAN CONVERSION.
SINKING-FUND PROVISIONS. (Per Press Assoaiation—Copyright.) .1 LONDON, December 30. An important feature of the new conversion loan is the sinking fund arrangement, the Government undertaking°to devote £2,250,000 quarterly for ten years to rebuying the issue for cancellation. The "Morning Post's" financial editor says the prospectus shows careful consideration of the whole question, of national credit. The terms contain nothing likely to weaken the existing loans; on the contrary, the sinking fund should benefit other issues as well as this Government loan.
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Ashburton Guardian, Volume XLVII, Issue 10808, 31 December 1926, Page 5
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83LOAN CONVERSION. Ashburton Guardian, Volume XLVII, Issue 10808, 31 December 1926, Page 5
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