TREASURY BONDS
■' k ~— THE BRITISH CONVERSION LOAN GOVERNMENT DEPARTMENTS THE BIGGEST HOLDERS. (British Oflicial Wireless.) Press Association—By Telegraph—Copyright. RUGBY, March 17. (Received March 18. at noon.) The Bank of England announces the offer of conversion to holders of LHC,467,382 of 44 per cent. Treasury bonds, which fall duo for repayment cn April 15 next. Tim holders aro olforcd for each £IOO of their holdings £97 J.'2s Gd for the 41 per cent, conversion loan redeemable betwen 1940 and 1944. or £lO7 for 4 per cent, consolidated loan repayable alter 1957. While choice is given to exchange those securities, holders who prefer it have the right to be paid off in cash. it is understood that at least 90 per cent, of the bonds are held by Government departments, and the public in consequence is concerned to only a small extent. The terms of the conversion offered are virtually equal for both stocks. The present step is regarded by the Press as indicating the confidence of the Treasury in the improving status of British credit. Moreover, it creates a market for the much more ambitious project to convert £2,000,000,000 of the 5 per cent, war loan, which is in contemplation.
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Bibliographic details
Evening Star, Issue 21055, 18 March 1932, Page 9
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199TREASURY BONDS Evening Star, Issue 21055, 18 March 1932, Page 9
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