CONVERSION LOAN.
SINKING FUND ARRANGEMENT. LONDON, Dec. 30. An important feature of the new British conversion loan is the sinking fund arrangement, the Government undertaking to devote £2,500.,000 quarterly for ten years to come ijb re-buying the issue for cancellation. ' The Morning Post’s fi-ianciai editor says that the prospectua shows careful consideration of the whole question of the national credit. The terms contain nothing likely to. weaken existing loans ; on the contrary/ the sinking fund should benefit other issues as well as this Government- Loan.—A. and N.Z. cable. J?
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Bibliographic details
Manawatu Standard, Volume XLVII, Issue 28, 31 December 1926, Page 9
Word Count
89CONVERSION LOAN. Manawatu Standard, Volume XLVII, Issue 28, 31 December 1926, Page 9
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