BRITISH CONVERSION LOAN
ONE HUNDRED THOUSAND APPLICATIONS SEVERAL GIFTS TO THE STATE (British Official Wireless.) RUGBY, July 5. (Received July 6, at 11.30 a.m.) The continuous success of the great conversion scheme is officially reported to-day. Some holders of the 5 per cent. War Loan, while converting, are making gifts to the State. A number of applicants for conversion on the Bank of England register have asked that the £1 per cent, bonus payable to them if they convert their holdings by July 31- next should not be sent to them, but be retained by the Treasury as a gift to the nation. The Bank of England announces that 50,000 applications for conversion were .received by the first post to-day, making the total to date 100,000 applications. The Post Office Savings Bank announces that of the 90,000 applications it has so far received those desiring redemption amounted to only 6 per cent. TWO BIG AMOUNTS LONDON, July 4. Outstanding loan conversions to-day were Sir W. R. Morris £850,000 and Imperial Chemicals £760,000.
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Evening Star, Issue 21147, 6 July 1932, Page 7
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172BRITISH CONVERSION LOAN Evening Star, Issue 21147, 6 July 1932, Page 7
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