CONVERSION LOAN
i PER CENT. EXTRA
BIG AUSTRALIAN OPERATION^
(UNITED PRESS ASSOCIATION—COPIIUQHT.) (Received 22nd July, 10 a.m.)
MELBOURNE, This Day.
Dr. Page, Federal Treasurer, has announced the terms for the conversion of 4£ per cent, war loans, which fall due in December. The rate of interest is to be 5£ per cent., and the loan will be issued at par. The period of the loan will be six, eleven, or sixteen years, at the subscriber's option. Though new money will be accepted, the Treasurer is sanguine that most of the present holders will convert their stock or bonds into the new loan. The total amount of the maturing loan, to be covered, is £67.----000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19250722.2.28
Bibliographic details
Evening Post, Volume CX, Issue 19, 22 July 1925, Page 5
Word Count
114CONVERSION LOAN Evening Post, Volume CX, Issue 19, 22 July 1925, Page 5
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