NEW LOANS
AUSTRALIAN ISSUES.
ATTRACTIVE TERMS. SOUTH AUSTRALIAN STOCK. 3Y CABLE—PRESS ASSOCIATION—COPYRIGHT Received 1 p.m. to-day. LONDON, Jan. 28. The South Australian loan is repayable 1945-75. The holders of £1,346,250 54 .per cent, stock, maturing on April 1, are invited to convert their holdings into an equal amount of new stock, plus, a cash payment, of £2 per cent., payable on April 1. Cash subscriptions arc invited to an amount, sufficient with. the. conversions, to make up £2,500,000. The final instalment of £9B per cent, being payable on April 1. Three months ’ interest is payable on July 1. A statistical statement relating to South Australia’s finances is being circulated with the prospectus. The Standard ,says that the terms ■are attractive. The Australian Press Association, learns that the price of the New South Wales loan on New York is 967}, underwriting commission 2 per cent., and sinking fund £ per cent. AMOUNT UNDERWRITTEN. Received 9.55 a.m. to-day. LONDON, Jan. 28. The South Australian loan was underwritten for £2,500.-000 at 5 per cent, at £9B.
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Bibliographic details
Hawera Star, Volume XLVI, 29 January 1927, Page 9
Word Count
172NEW LOANS Hawera Star, Volume XLVI, 29 January 1927, Page 9
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