LOAN CONVERSION
NEW SOUTH WALES SCHEME Press Association—By Telegraph—Copyright! LONDON, October 12. Those who applied for conversion in> the New South Wales loan received allotments in full, while cash subscribers received 11J- per cent, of the amounta applied for. Sixty-three per cent, of the holders converted their holdings.’ The cash applications amounted to over £39,000,000. Australian financial circles regard the* conversion as more than satisfactory,seeing that a higher percentage _ was converted than is usual with dominion' loans. Although it is suggested in some quarters that conversion would have been larger if the issue had been kept open longer than a week, the authorities emphasise that it would be contrary to London custom to exceed a, week. _ , Dealings in the new loan opened afi 2J to 2J premium.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19321013.2.101
Bibliographic details
Evening Star, Issue 21232, 13 October 1932, Page 9
Word Count
127LOAN CONVERSION Evening Star, Issue 21232, 13 October 1932, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.