RECORD OPERATION
Conversion of British ' War Loan UNDOUBTED SUCCESS (Rec. August 4, 5.5 p.m.) official Wirelew. Rugby, August 8. The total amount of the 5 per cent. War Loan converted up to the time of cessation of the bonus offer Is being awaited with much interest. The size of the operation, which Is the largest ever attempted In Britain or any other country, makes it impossible for the Treasury to publish accurate figures at the moment and the final totals will probably not be available for some days. The newspapers express great gratification at the undoubted success of the operation and agree that the figures to date fulfil the highest expectations. They show that out of every hundred holdings In respect of which applications have been received 93 are for conversion into new 3J per cent, stock and only seven for redemption. Almost without exception the big holdings in the hands of insurance companies, banks, municipalities and large firms have been converted.
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https://paperspast.natlib.govt.nz/newspapers/DOM19320805.2.61
Bibliographic details
Dominion, Volume 25, Issue 266, 5 August 1932, Page 11
Word Count
162RECORD OPERATION Dominion, Volume 25, Issue 266, 5 August 1932, Page 11
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