HIGH LOAN TOTAL
Steady Conversion of Australian Bonds CAMPAIGN NEARS END By Telegraph—Press Aran.—Copyright (Rea August 80, 5.5 pun.) Sydney, August 80. During the last days for dealing in “old” bonds, the market for Commonwealth securities has been satisfactory, prices hardening as a consequence of the heartening progress of the conversion loan campaign. > The actual conversions up to midday yesterday totalled £337,250,000, and promises brought the total to £390,000,000, leaving £150,000,000 outstanding, much of which is held by small investors, who are expected to allow their holdings to be converted silently. Bank stocks had eased somewhat on 'Change through selling by weak holders, but the presence of ready buyers has caused a recovery in values. SAVINGS BANK BILL Coming Into Effect To-day Sydney; August 29. The Governor has the Savings Bank Bill, which takes effect on Monday. The new Commissioners will meet on that, day to decide the opening date and elect a chairman.
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Bibliographic details
Dominion, Volume 24, Issue 287, 31 August 1931, Page 9
Word Count
154HIGH LOAN TOTAL Dominion, Volume 24, Issue 287, 31 August 1931, Page 9
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