COMMENT ON N.Z. LOAN PLAN
“Task Will Be Tackled On Bold Lines” (Rec. 10.15 p.m.) LONDON, March 13 The new loan plans announced by the New Zealand Finance Minister (Mr J. T. Watts) show that the task will be tackled on bold lines, says the financial editor of the “Daily Telegraph.” “For a government with loan maturities to face, a credit squeeze brings awkward problems. The difficult task facing the British Treasury with its £824.000,000 maturity of National war bonds in the middle of August has already been made apparent. “On a much smaller scale, but quite large enough in relation to the resources available, the New Zealand Government now faces a comparable problem.
“Loans totalling nearly £50.000,000 mature, or have optional maturity dates, this year. The New Zealand Government is availing itself of its present option to deal with loans maturing on December 15 this year, and January 15, 1957, and as a result its conversion offer will cover four loans.”
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Press, Volume XCIII, Issue 27917, 14 March 1956, Page 13
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162COMMENT ON N.Z. LOAN PLAN Press, Volume XCIII, Issue 27917, 14 March 1956, Page 13
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