THE FIVE MILLION LOAN.
WEIiIi RECEIVED XCT LONDON AT A-QUAKTEB PER CENT PREMIUM. LONDON, November 13. The New Zealand loan prospectus, which has been issued, invites subscriptions for three and a-half per cent convertible debentures repayable at par on December 31, 1914. Preference will be given to applicants undertaking to convert their allotments when fully paid into inscribed stock, those converting before December 1 to receive six months' interest on January 1. The terms of conversion until December 31, 1913, are £102 worth of 3J per cent stock for £100 worth of debentures. Of the issue £1,250,000 will be required to pay for the Dreadnought gift to the Imperial Government. The loan has been well received on the Stock Exchange, and is quoted at nominally a-quarter per cent premium. It is, calculated that the bonds will yield 82/ per cent interest
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Bibliographic details
Auckland Star, Volume XLI, Issue 270, 14 November 1910, Page 5
Word Count
141THE FIVE MILLION LOAN. Auckland Star, Volume XLI, Issue 270, 14 November 1910, Page 5
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