BRITISH FINANCE.
THE CONVERSION LOAN. (Per Press Association). AUCKLAND, Oct. 27. Speaking at the annual meeting of the South British Insurance Company, the acting-chairman (Mr W. R. Wilson) commented on the recent conversion of the British 5 per cent. WarLoan and the subsequent rise in the quotations of other stocks. Mr Wilson said that any idea that this change for the better in borrowing power might be due to improved economic conditions was discouraged by the lack" of evidence of any material improvement in the prices of raw materials and produce generally l . On the contrary, the change seemed to he chiefly attributable to the accumulation of capital for which, owing to depressed trade, there was little outlet and which was seeking safe investment, even at progressively lower rates of interest.
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Ashburton Guardian, Volume 53, Issue 15, 28 October 1932, Page 2
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131BRITISH FINANCE. Ashburton Guardian, Volume 53, Issue 15, 28 October 1932, Page 2
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