FIRST LIBERTY LOAN
"MOST SUCCESSFUL” CONVERSION MORE. THAN £5,600,000 TO BE REINVESTED (Wow ZoelßMt Ptom Association) ■ ■ WELLINGTON, August 11. :n>e Minister of Finance (Mr J. T. Watts) today announced the result of the conversion offer to holders of Government stock maturing on September 15. Ot the total loan of nearly £>,700;000, holders of stock totalling inofe than £5,600,000 have applied to convert.- , s , Applications have been received from nearly 4000 holders out of nearly 13,000 in the maturing-loan. “When it is -recalled that this loan swaa -the first Liberty Loan issued lih 1042, and many/thousands of small investors contributed to its success and now require this savlng for other purposes, I regard the outcome of the cessful,” said the Minister. conversion' operation as must suc-
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Bibliographic details
Press, Volume XCII, Issue 27735, 12 August 1955, Page 14
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125FIRST LIBERTY LOAN Press, Volume XCII, Issue 27735, 12 August 1955, Page 14
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