HIGH FINANCE
LATEST BRITISH LOAN
A RESPONSIVE MARKET
United Press Association—By Electric Tele-
'■ ..' graph—Copyright. (Received Ist March, 9.40 a.m.) ' RUGBY, 27th February
The Chancellor of the Exchequer, Mr. Philiip Snowden, informed tho .House of Commons that no part of the Conversion Loan .would . be privately underwritten: Cash responses were so satisfactory that the list was closed this afternoon, but a part, will remain open for a few days.
The British Government Conversion Loan above referred to was issued at £95 and at 4% p.c interest, maturing 194044. No' amount of this loan was stated' in the Press dispatches, nor its date of closing for subscription. At £95 per cent, and paying 4% per cent, interest, the yield to investors, including redemption,in 1940, would be £5 3s Id per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19300301.2.117.3
Bibliographic details
Evening Post, Volume CIX, Issue 51, 1 March 1930, Page 12
Word Count
129HIGH FINANCE Evening Post, Volume CIX, Issue 51, 1 March 1930, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.