FINANCE
AUSTRALIAN LOAN.
DEALING WITH AMERICA. EOF IT A BI,F. Til UST COMP AN V. ■IV CABLE PREBB ASSOCIATION- OOPYRIOH'I Received 10.25 a.m. to-day. NEW YORK, April 8. The Equitable Trust Company states that the net returns of the New South Wales loan will be considerably better than 911.27 per cent., but the company deeiines to say whether it lias undertaken to act as the jiermanent financial • representative for New South Wales ho;o. The Hon. J. T. Lang’s loan will bo offered on Monday. The bonds will be dated April 1. 1931. The extra year duration of the jut sent loan is for the purpose of facilitating future conversion, by obviating the necessity of refunding 50.0(H).()00 doilars at one time. PROSPECTUS ISSUED. Received 10.25 a.m. to-dav. LONDON, April 8. r Hie Commonwealth loan prospectus invites holders of 51 per cent, stock, matuting on, June 1. to convert it .into an equal amount of 5 per cent. 1945-75 stock, receiving a cash payment of £2 per cent. It also invites cash applications. of which the final instalment of 93 per cent, is payable on June 1. One month's interest will he payable on Julv 1.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19270409.2.39
Bibliographic details
Hawera Star, Volume XLVI, 9 April 1927, Page 5
Word Count
194FINANCE Hawera Star, Volume XLVI, 9 April 1927, Page 5
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