TREASURY ISSUE
FOR CONVERSION OF WAR LOANS. NOT TO EXCEED £200,000,000. (United Press Assn—By Electric Telegraph—Copyright.) LONDON, dlpril 24, The Daily Telegraph says there are strong reports of an impending. Treasury issue scheme for conversion of war loans at five per cent. This is not expected until early in the autumn, but the Chancellor will . probably try the market earlier with a bond issue and utilise the proceeds for reducing the floating debt by funding a large part of Treasury bills outstanding. The suggested issue will not exceed two hundred millions sterling.
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Bibliographic details
Inangahua Times, 22 April 1932, Page 3
Word Count
92TREASURY ISSUE Inangahua Times, 22 April 1932, Page 3
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