THE VICTORIAN LOAN.
COMPLAINTS OF DEBENTURE
HOLDERS.
ta»—sicetxla T«K«npß—oopjmew London, September 27.
Ie is said that little of the Victorian Loan was converted, as there was some difficulty in notifying debenture holders owing to ignorance of their addresses.
The debenture holders threaten the bank with proceedings for closing before they had a chance of converting.
The bank states that it rigidly adhered to the prospectus, and was surprised at the success of the loan, otherwise it would have fixed another closing date. About £40,000 additional was subscribed yesterday.
The Times asserts that before the prospectus was issued the syndicate had arranged to take £1,000,000 on condition that the lists were closed when the amount was subscribed, and that the brokers acting for the banks covered the balance, depriving the debenture holders of the promised advantage.
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Bibliographic details
Press, Volume L, Issue 8599, 28 September 1893, Page 5
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135THE VICTORIAN LOAN. Press, Volume L, Issue 8599, 28 September 1893, Page 5
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