COMMONWEALTH FINANCE
The latest statement regarding the Commonwealth C °" Loan of £68,000,000 is that sub scriptions of only ano * h ® 0 £16,000,000 are required to com plete the issue. In the Statement it is announced that holders of £27,500,000 have not vet converted. As new subscriptions amount to n3.000.cm apparent that holders of .hat amount of debentures or of stocK not get the opportunity to mnvert The Treasury has an nounced that it has si "o°g fu ° d and other balances to' a larg 1 rS^. W S e I°aV Most vencQ . inquiries wS hav‘e been made it. is evident that they are Ito make a movement towards conversion until about the time of redemption. If many persist m this intention the m ajonty find that they have del yP ed '°° long, and that new subscr ' b h have taken their place, /they will then have to find new investments for their money.
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Bibliographic details
Bay of Plenty Times, Volume LIV, Issue 9027, 5 November 1925, Page 6
Word Count
153COMMONWEALTH FINANCE Bay of Plenty Times, Volume LIV, Issue 9027, 5 November 1925, Page 6
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