GOOD RESPONSE
CONVERSION OF LOAN
APPEAL TO BONDHOLDERS
The conversion of the 5J per cent. Discharged Solders' Settlement Loan securities totalling £4,114,530 held in the Dominion is proceeding most satisfactorily, according to a statement made by the Minister of Finance last night.
| Holders of debentures and inscribed stock were offered Tenewal for a further period to loth June, 1940, with interest at 5 per cent, per annum, and the Minister said the response to date to the Government's offer had been very satisfactory indeed, holders to the extent of £2,163,470 having already made application for the new securities.
Securities to the amount of £1,308,000 have been paid off in cash, but the Minister said that in a'numb.er of cases the proceeds so uplifted had been repaid to the Government' for reinvestment.
An amount of £ 640,000 still, requires to be dealt ivith, and on the existing figures it is estimated that a considerable proportion of the remaining securities ivill be renewed. The Minister added that he "was pleased with v the result so far, which Tvas taken as an in dicatiqn of the confidence' of investors
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Bibliographic details
Evening Post, Volume CXV, Issue 26, 1 February 1933, Page 8
Word Count
185GOOD RESPONSE Evening Post, Volume CXV, Issue 26, 1 February 1933, Page 8
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