COMMONWEALTH LOAN

Dominion, Volume 21, Issue 11, 7 October 1927, Page 11

COMMONWEALTH LOAN

WAR CONVERSION Canberra, October 6. The Federal Treasurer, Dr Earle Pacre. antiounces that a Commonwealth War ’ Conversion Loan of £36,000,000, carrying interest at 5} per cent., at <lB4 ’ will be opened to-day The loan iva’s* originally £39,000,000, but £3,000,000 -was redeemed and cancelled by use of the National Debt Sinking Fund. NEW YORK AGITATION FOR WIDER FIELD (Rcc. October 6, 8.35 p.m.)' London, October 6. Concerning the agitation in New York for a wider field for Australian loan flotation in New York, coupled with the New York bankers.’ opinion that it is understood that important official opinion on the subject has been forwarded to Mr. Bruce from London, it is interesting to note that the whole proceeds of the last New York flotation have now been transferred <o London, where there is conjecture if Mr. Sutler’s reference to eighteen millions shortage in Australian loan requirements foreshadows an early approach either to London or New York, or both. It is understood that there is no probability of such before November, if then. ,