GREAT SUCCESS.
Conversion Plan Exceeds AH Expectations. STIMULUS TO BUSINESS. (Received 10 a.m.) LONDON, August Iβ. The.success of the war loan conversion is exceeding all expectations and has had a stimulating effect on the Stock Exchange. British funds generally opened 10/ up, the converted war loan reaching £100 of. Confidence also spread to other sections. The newspapers are delighted at the success of the conversion scheme. They express the opinion that it will immeasurably enhance Britain's power and leadership in the present troublous condition of world affairs. The "Daily Telegraph" city editor says the prospects of the complete conversion of the whole £2,084,994,000 of the stock are extremely promising. The "Morning Post" says the conversion represents nearly 90 per cent of the total. The nation must be warmly congratulated. The Jeremiahs now aro confounded by the glory of the event. Viscount Snowden says the figures represent a magnificent success.
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Auckland Star, Volume LXIII, Issue 194, 17 August 1932, Page 7
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149GREAT SUCCESS. Auckland Star, Volume LXIII, Issue 194, 17 August 1932, Page 7
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