WAR LOAN CONVERSION
LARGE HOLDERS BALL INTO LINE London, July 8. Referring to the progress of the war loan conversion scheme, the Financial Secretary to the Treasury, Major Elliott, stated in the House of Com. mens to-day that its reception had been favourable in the extreme and the post bags yesterday exceeded their most sanguine expectations. The conversions include London County Council £2,000,000, Underground Railways £1,044,000, Prudential Insurance £12,000,000.
Trustee savings banks throughout the country are notifying the continuance of holdings. All the members of the London bankers’ clearing house also announce that they are converting, while the Bank of England is already converting the whole of its war loan holdings.
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Hawke's Bay Tribune, Volume XXII, Issue 175, 9 July 1932, Page 8
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111WAR LOAN CONVERSION Hawke's Bay Tribune, Volume XXII, Issue 175, 9 July 1932, Page 8
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