BIG INTEREST SAVING
COMMONWEALTH CONVERSION LOW MONEY RATES (United Preea Association—By Efcrtric Telegraph Copyright). Received 1.15 p.m. to-day. LONDON, Jan. 15. The Australian loan conversion will yield a total annual saving in interest of £510,000 in Australian currency and £407,000 in English. This is the nintK conversion operation to be carried out by the Commonwealth Government in a little more than two years and brings the total savings in interest charge on debt up to £2,457,000 in English and £3,080,000 Australian currency. The remarkable improvement in the Australian financial and economic position in recent years has enabled the Commonwealth to take full advantage of the exceptionally low money rates.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19350117.2.62
Bibliographic details
Hawera Star, Volume LIV, 17 January 1935, Page 5
Word Count
109BIG INTEREST SAVING Hawera Star, Volume LIV, 17 January 1935, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.