OVERSUBSCRIBED,
AUSTRALIAN LOAN. i DEALINGS AT %TH DISCOUNT. LONDON, June 16. The London representative of the Australian Associated Press says he understands that the success of the Australian conversion loan can be gauged from the fact that the cash applicants received only US per cent of their requirements. The "Evening News" says that cash applicants for the Australian loan up to £10,000 sterling received lull allotment, thnreaiter the basis of allotment was approximately (iS'/i per cent of requirements. Dealings opened at '/Bth discount. The loan referred to is one of £10,551.403 at 2% per cent at £00 maturing 1041-43, for the conversion of the following issues: New South Wales, £10,054,600 at 4'/i per cent; South Australia, £2,368,141 at 5 per cent; A Vest Australia, £2.631,165 at 4/2 per cent; and West Australia, £507,407 at 3 per cent. The loan was opened and closed for cash applications on June 0.
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Bibliographic details
Auckland Star, Volume LXVII, Issue 142, 17 June 1936, Page 4
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149OVERSUBSCRIBED, Auckland Star, Volume LXVII, Issue 142, 17 June 1936, Page 4
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