SUBSCRIBING OF N.Z. LOAN
Uncertain Result If Not I Fully Taken CAUTION IN MONEY MARKET By Telegraph.—Press Assn.—Copyright. LONDON, July 28. There is some mystery as to how the balance of the £16,000,000 New Zealand conversion loan will be taken up if it is not fully subscribed. It is believed that large houses in the discount market, and the banks, which are estimated to hold between them 50 per cent, of the maturing loan, intend to convert their holdings, but it is felt that the money market is disinclined to make a cash application. The New Zealand operation is welcomed in financial quarters, but, in view of the onerous redemption terms, industrial circles foresee the possibility of unpleasant repercussions for British exporters unless commodity prices rise. TRADE WITH FRANCE Negotiations Commence PARIS, July 28. The New Zealand Minister of Finance, Mr. Nash, visited the French Minister of Commerce, M. Geutin, and in a short but cordial conversation, opened negotiations concerning trade between the two countries. Experts will meet next week.
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Dominion, Volume 32, Issue 259, 31 July 1939, Page 9
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170SUBSCRIBING OF N.Z. LOAN Dominion, Volume 32, Issue 259, 31 July 1939, Page 9
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