LOAN CONVERSION.
SATISFACTORY OPERATION. LONDON, Oct. 12. The holders of the New South Wales loan who converted their holdings received their allotments in full, while ca.sh subscribers received 121 per cent, of the amounts applied for. Sixty-three per cent, of the holders converted. Ihe cash applications amounted to over £39,000,000. , - Australian financial circles regard the conversion as more than satisfactory seeing that a higher percentage converted than is usual in Dominion loans. Although it is suggested m some quarters that the conversion would have been larger if kept open longer than a week, the authorities emphasise that itf would be contrary to London custom to exceed a week. The dealings in the new.loan opened at 21 to 21 per cent, premium.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 269, 13 October 1932, Page 7
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121LOAN CONVERSION. Manawatu Standard, Volume LII, Issue 269, 13 October 1932, Page 7
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