CONVERSION LOAN
Applications Already Total £6,650,000 TWO DAYS’ RESPONSE
Seen As Good Augury For
Success
The response to the conversion offer recently made to holders of Government stock and debentures normally maturing on July 15, 1941, November 15, 1941, and March 15, 1943, was referred to by the Minister of Finance, Mr. Nash, in an interview last evening. He stated that applications had already been received for conversion of £6,650,000 of these securities.
“The quick response made by the holders of nearly one-third of the securities concerned is much appreciated,” said Mr. Nash, “and clearly indicates a recognition ou the part of investors generally of the fairness of the offer made to them. The results achieved in a couple of days augur well for the success of the whole conversion operation involving £21,250,000 of public debt.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19410520.2.37
Bibliographic details
Dominion, Volume 34, Issue 199, 20 May 1941, Page 6
Word Count
136CONVERSION LOAN Dominion, Volume 34, Issue 199, 20 May 1941, Page 6
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