GIGANTIC OPERATIONS.
BRITISH TREASURY PAYMENTS
LONDON, December 1
On the London Stock Exchange today is a day of gigantic monetary transaction, over £700,000,000 being involved in the day's turnover. The Government is distributing £105,000,000 to holders of the 5 per cent war loan who did not convert, also £50,000,000 interest, besides repaying £140,000,000 of Treasury bonds.
Lombard Street was most careful that the preparations for the operations should not disturb the flow of credit and should prevent, a money "squeeze."
The "Daily Telegraph" city editor says lie expects the expansion of available credit will lead to a heightened demand for first-class investment stocks.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 286, 2 December 1932, Page 7
Word Count
103GIGANTIC OPERATIONS. Auckland Star, Volume LXIII, Issue 286, 2 December 1932, Page 7
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Acknowledgements
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