MOUNT ISA DEBENTURES.
An issue of debentures of £500,000 in sterling has been approved at a meeting of shareholders of Mount Isa Mines, Ltd.,,in Brisbane. The debentures are ior five years, and carry 5 per cent, interest, being issued' at £99 in London. They are guaranteed as to principal and interest by the Queensland Government. The issue will replace the present third debentures of £500,----000 sterling, 4J per cent., which mature on- June 30. The issue was underwritten.
The previous month's rates were exceeded by _d per lb at the last monthly sale of sheepskins conducted at Timaru by the South Canterbury Woolbrpkers' Association, when a total clearance of 9000 skins was effected. Crossbreds were again in good demand.
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 3, 4 July 1939, Page 12
Word Count
119MOUNT ISA DEBENTURES. Evening Post, Volume CXXVIII, Issue 3, 4 July 1939, Page 12
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