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[Special to the Star.]

WELLINGTON, October 30,

The ‘ Post ’ points out to-night that the total sum realised by the conversion loan is insufficient to repay the loans it has been raised to extinguish. The deficiency is L 7,800, without providing for charges and expenses of raising, which will probably amount to L 60.000. The amount to be repaid on November 1 is L 388,000, and on March 1 L 2,207,300, making a total of L 2,595,300. The amount floated of the converted loan was L 2,700,000, which at price realised represents only L 2,587,500. The ‘Post’ asks whether further stock will or the balance made up from revenue >r by Treasury bills ? The ultimate effect of the conversion, it admits, will be beneficial, whatever temporary inconvenience it may cause.

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Bibliographic details

THE CONVERSION LOAN., Issue 8052, 31 October 1889

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THE CONVERSION LOAN. Issue 8052, 31 October 1889

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