CONVERSION BY WALTONS

Press, Volume CIV, Issue 30725, 14 April 1965, Page 21

CONVERSION BY WALTONS

July 31 For 6 p.c. Notes

(N.Z. Press Association)

WELLINGTON, April 13. Waltons, Ltd., large Australian retailer, will convert its 6 per cent registered convertible unsecured notes of 5s each into ordinary stock units of 5s each on July 31. Final interest on the notes, normally paid on October 31, will be paid in July, books closing July 15. Because the note certificates will automatically be accepted in lieu of ordinary stock certificates from August 1, Waltons does not intend recalling note certificates on conversion.

The new ordinary stock will rank for dividend from August 1 and will be traded as new ex convertible notes until the merger with existing stock units in September.

Canberra May Have Change (N.Z. Press Assn. —Copyright) CANBERRA, April 13. Canberra stockbrokers have made their first move towards establishing a stock exchange here. A meeting of brokers’ representatives in Canberra decided to form the Canberra Stock Brokers’ Representatives Association. A Canberra accountant, Mr S. D. Dillon, said the association would “discuss matters of mutual interest.” It is believed the association will investigate setting up a provincial stock exchange in Canberra. Local brokers have been discussing such a move for some years.