QUICK RESPONSE
CONVERSION OFFER
GOVERNMENT STOCK
TWO DAYS' RESULTS
The Minister of Finance (Mr. Nash) stated last night that the first two days' results augured well for the success of the Government's conversion offer to the holders of Government stock and debentures normally maturing on July 15, 1941, November 15, 1941, and March 15, 1943. Applications for the conversion of £6,650,000 of these securities had been received already. "The quick response made by the holders of nearly one-third of the securities concerned is much appreciated," said Mr. Nash, "and clearly indicates a recognition on the part of investors generally of the fairness of the offer made to them. The results achieved in a couple of days augur well for the success of the whole conversion operation involving £21,250,000 of public debt."
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Bibliographic details
Evening Post, Volume CXXXI, Issue 117, 20 May 1941, Page 6
Word Count
131QUICK RESPONSE Evening Post, Volume CXXXI, Issue 117, 20 May 1941, Page 6
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