REDEMPTION LOAN
Per Press Association. CHRISTCHURCH, Dec. 7. That there is still plenty of money available for investment in attractive gilt-edged security is indicated by the success that has so far been met with by the Lyttelton Harbour Board in connection with its redemption loan. Reporting at to-day’s meeting of the board Mr AV. T. Lester, the chairman, said that, although only two weeks had elapsed since the board’s £136,000 redemption loan at 5i per cent, for ten years was placed on the market, those who Held debentures in that part of the £99,800 maturing loan, which was floated in New Zealand, had taken up debentures in the new loan to the amount of £34,350.
New investors from all over the Dominion had taken up debentures to the value of £29,100, a total of £63,450.
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https://paperspast.natlib.govt.nz/newspapers/MS19321208.2.126
Bibliographic details
Manawatu Standard, Volume LIII, Issue 9, 8 December 1932, Page 9
Word Count
135REDEMPTION LOAN Manawatu Standard, Volume LIII, Issue 9, 8 December 1932, Page 9
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