AUSTRALIAN FINANCE
CONVERSION ISSUE
IMPROVED TERMS |
CANBERRA, September 13.
Tlio Prime Minister, the Honl-' J. A. Lyons, discussing the conversion, said that it Avas expected that the tcraus would be 3J per cent, at 98 for twenty yearsy with tho option to the Government to repay after fifteen years. l Thp yield to the investor, allowing for.■.redemption after twenty years, was £3 17s lid per cent.
The operation. covers £15,000,000 Commo»wealth 6 per cent, loan, £4,901,000 New South Wales 5J per cent., and £1,050,000 Western Australian 5J per conk The terms there&re represent an appreciable improvement over the previous long-term, conversion.
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https://paperspast.natlib.govt.nz/newspapers/EP19330914.2.97
Bibliographic details
Evening Post, Volume CXVI, Issue 65, 14 September 1933, Page 11
Word Count
101
AUSTRALIAN FINANCE
Evening Post, Volume CXVI, Issue 65, 14 September 1933, Page 11
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