THE CONVERSION LOAN.
AND NEW ZEALAND'S DEBT. MR. COATES HOPES FOR REDUCTION. (Press Association. —Copyright.) (Received 10.45 a.m.) Otawa, July 27. The Rt. Hon. J. G. Coates has expressed the opinion that England's successful £2,000,000,000 loan conversion scheme may have an important bearing on New Zealand's external interest charges. New Zealand ewes Britain £24,000,000, representing the 5 per cent, funded war debt. Mr. Coates considers there is a prospect of reducing this to the same 3% per cent, rate as the British conversion loan. The presence of the Chancellor of the Exchequer, Mr. Neville Chamberlain, at Ottawa happily provides a favourable opportunity of discussing the matter. Mr. Coates will bring up at the Conference the question of unemployment, with a view to esablishing a committee of experts to investigate the relief systems operating throughout the Empire. He is collating any information likely to be valuable for the committee.
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Bibliographic details
King Country Chronicle, Volume XXVI, Issue 3399, 28 July 1932, Page 5
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148THE CONVERSION LOAN. King Country Chronicle, Volume XXVI, Issue 3399, 28 July 1932, Page 5
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