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THE LOAN CONVERSION.

WELLINGTON, Oct6'beb 31. Calculations have been made showing that the conversion loan will not realise by a considerable sum sufficient to cover the arhonnt of debentures to be paid off in November and Marftji. One paper puts it at L7Q.000, but the GoVefnffient believe this to be an over-estimate, and that the dtpiSnssKf of raising the loan will not be so heavy as anticipated. The amount of L 2,700,000 was need as tho sum required by the loan agents, aided by the advice of the Bank of England, and it is supposed that they expected a better price than was obtained or they would have made it more in order to cover the possibility of a deficiency. Whatever sum is required to make good the deficit can, it is believed, be obtained by floating a further small parcel of 3J per cent, debentures ; but nobody here Seeriis to quite understand the exact position. .

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https://paperspast.natlib.govt.nz/newspapers/ESD18891031.2.16

Bibliographic details

THE LOAN C0NVERSION., Issue 8052, 31 October 1889

Word Count
156

THE LOAN C0NVERSION. Issue 8052, 31 October 1889

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