AUSTRALIAN LOAN
LONDON DEALINGS SMALL APPLICANTS EXCLUDED (United Press Association—By Electric Telegraph—Copyright;. (Received this day tit 11.15 a.m.) LONDON, August 2. Cash subscribers of the Commonwealth loan received 2 per cent of their application. Dealings opened at 1! premium.
Loan appliction. amounts below £SOOO receive nothing. it is understood this is due to the desire to outwit “stags,” as the loan is essentially suitable to large investors, there being no hardship entail by small applicants.
There was much activity in New -South Wales 3 per cent before the eonversion. due to the anticipation of heavy subscription, recent, buyers desiring to ensure' conversion rights.
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Bibliographic details
Hokitika Guardian, 3 August 1935, Page 5
Word Count
103AUSTRALIAN LOAN Hokitika Guardian, 3 August 1935, Page 5
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