THE VICTORIAN DEBT.
A BIG CONVERSION SCHEME.
Mur^EOURNE, this day. THEVTreasnrer has proposed a scheme for the conversion of the Victorian debt, amounting to £48,000,000, into three per cent, intermediate consols. He roughly estimates that six millions will have to be given to debenture-holderstoinducethem to accept three per cent. The net saving if the debt is converted will be £286,000 per annum. Nothing can bo done until 3| per cents reach par, which the Treasurer expects they will soon do.
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Auckland Star, Volume XXV, Issue 145, 19 June 1894, Page 5
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80THE VICTORIAN DEBT. Auckland Star, Volume XXV, Issue 145, 19 June 1894, Page 5
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