CONVERSION LOAN

Kaikoura Star, Volume LVI, Issue 91, 19 November 1936, Page 2

CONVERSION LOAN

£3,000,000 SHORT PRELIMINARY FIGURES A preliminary return showing the results of the Government’s conversion Issn issue was made available by the Prime Minister (the 111. Hon. M. J. Savage) on Saturday. Ilol.i' i-s of Government 4 per cent. "‘" k - U’37-40, were given an opportunity t<> convert, their holdings either l " t ” J) I'. 1 <'ent. securities maturing > 1 with au op’tion to the Govein">enl to repay two years earlier, or into .i per cent, securities maturing in .lul), phi, Wl ||, an option to the Government to repay four years earlier. dr Savage said that final figures a er, not yet available, as numerous i.ppl’rations received were incomplete •‘I lingular, ami were the subject of ispiindcnce with the persons con"i;",',' ■ hc was able to suppl) the following preliminary figures: Appliealious lor conversion 8,253 780 Cash applications .. .. 2,714’750 loial conversion and cash applications . . 10,968 530 amount of the issue '■ I- . 1....,..! .Itirn mclmling £1,530000 for !/■',/'/ "( ass ets of the Southl.iml l.lectric lower Board,” Mr Savfe/i'l'i-;,'";"'-, is “ 'bfferenco of £-.111.1.1,0. Imt thus Will ho found from otlui louiccs, and arrangements have ‘;“U made lor all who desire redemption to receive their money in .Tanunry