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FURTHER CONVERSION ISSUE DELAYED. OWING TO UNSETTLED CONDITIONS. (U.P.A. by Elec Tel. Copyright)/ (Ree. May IC, 11.15 p.m.) MELBOURNE, May 1.6 Ip i s understood that- Mr. Bruce, tho Australian Resident Minister in London, who recently reported favorably on the prospects for a further conversion of a large proportion of Australia’s overseas loans, has now intimated that the position has completely changed in the past few days owing to the ini set tied conditions in Europe, the possible failure of the Disarmament Conference and oihpr disturbing factors. EUROPEAN SITUATION CAUSES NERVOUSNESS. (U P A by F>c. Tel Copyright) (Bee. May 16, 11 p.m.) LONDON, May 16 The Financial Times declares that the new issue ban is not- blocking the way t-o Australian conversion. The sole reason far delay in producing the scheme is the present position of the gilt-edged market. Recent European developments have created such nervousness that it is felt that the time is not opportune for any major •operation. Australia must have a propitious investment- market tor her to succeed.
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https://paperspast.natlib.govt.nz/newspapers/GIST19330517.2.36
Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11946, 17 May 1933, Page 5
Word Count
174FEDERAL LOAN Gisborne Times, Volume LXXIII, Issue 11946, 17 May 1933, Page 5
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