N.Z. CONVERSION LOAN
Result considered disappointing 53 PER CENT. TAKEN UP BY RESERVE BANK LONDON, July -14. 53 per cent, of the £16,000,000 tat Zealand conversion loan has been up by the Reserve Bank of New ia nd, meaning that cash and con--ion applications together amounted father less than £8,000,000. a disappointing result, even w,, ing for market conditions, which n°t particularly propitious for comments the city editor ioe Times.” Minister of Finance (Mr W. )said in the House of Representati o iast ev ening that applications for on ce , nt ' £16.000,000 loan closed •pniipH # sday in London. The sum was slightly in excess of the i n accordance with impingements made at the time of £&snnnJ? alance of slightly less than taken up by the Reof New Zealand. These k Q Were sub Ject to minor adjustInuJ? ause °* i ate applications. of th» u We< i after the adjournment H ° use > Mr Nash declined to any further comment. —
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Bibliographic details
Press, Volume LXXXIV, Issue 25548, 16 July 1948, Page 7
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159N.Z. CONVERSION LOAN Press, Volume LXXXIV, Issue 25548, 16 July 1948, Page 7
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