NEW ZEALAND FINANCES.
WELLINGTON, May & The Treasury states that what it consider!* a satisfactory proportion of debentures, issued in Australia- under the Land for Settlement Consolidation Act, 1900, has been renewed for five years on the same terms as before— nanraly, interest at the rate of 4 per cent, per annum. The holders are tt> nave the option at any time within' two years from the Jirst of the present month of converting into 3 per cent, inscribed stock with 40 years' currency, for every £100 debenture. It is believed that the offer has been largely availed of by English holders. The value of the debentures issued in New Zealand and Australia fou* years ago was £390,75.0.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HNS19040506.2.18.4
Bibliographic details
Hawera & Normanby Star, Volume XLVIII, Issue 7981, 6 May 1904, Page 3
Word Count
117NEW ZEALAND FINANCES. Hawera & Normanby Star, Volume XLVIII, Issue 7981, 6 May 1904, Page 3
Using This Item
See our copyright guide for information on how you may use this title.
Log in