CONVERSION LOAN.
QUICK RESPONSE GIVEN. (P.A.) WELLINGTON, May 19. The response to the conversion offer recently made to holders of Government stock and debentures normally maturing on July 15, 1941, and March 5 ; 1943, was referred to by the Minister for Finance (the Hon. W. Nash) in an interview this evening. He said that application had already been received for the conversion of .€6,650,000 of these securities.
“The quick response made by the holders of nearly one-third of the securities concerned is much appreciated,” said Mr Nash, “and clearly indicates a recognition on the part of investors generally of the fairness of the offer made to them. The results achieved in a couple of days augur well for the success of tho whole conversion operation, involving £21,250,000 of public debt.”
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Bibliographic details
Ashburton Guardian, Volume 61, Issue 185, 20 May 1941, Page 7
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130CONVERSION LOAN. Ashburton Guardian, Volume 61, Issue 185, 20 May 1941, Page 7
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