AUSTRALIAN WAR LOAN.
TERMS FOR CONVERSION
BY CABLE--PRESS ASSOCIATION-COPYRIGHT
Received July 22, IP 50 a.m MELBOURNE, July 22. The Federal Treasurer, Mr. Page, has announced the terms for the. conversion of 4J per cent, war loans, which fall due in December. The rate of interest is to be 5i per cent., and the loans will be issued at par for a period of six, eleven, or sixteen years, at the subscribers’ option. Though new money will be accepted, the Treasurer is sanguine that most of the present holders will convert their stock or bonds into new loan. The total amount of the maturing loan to be covered is £67,000,000.
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Hawera Star, Volume XLV, 22 July 1925, Page 5
Word Count
109AUSTRALIAN WAR LOAN. Hawera Star, Volume XLV, 22 July 1925, Page 5
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