MORTGAGE CORPORATION
LOAN OVERSUBSCRIBED. Per Press Association. _ WELLINGTON, Sept. 11. Sir William Hunt (chairman oi the board of management of the Mortgage Corporation of New Zealand) announced to-day that the £500,000 issue of 3g per cent, securities which was recently placed on the market, and applications for which closed yesterday, had been overscribed. The approximate total subscriptions were siigntly in excess of £OOO,OOO. As applications had been lodged at post offices, hanks, etc., all over the Dominion, it will be several days before full details are recorded. Allotments, however, will he made at an early date, and on present indications it may be concluded that the majority of tiie applicants .will receive allotments in full, whilst some of those applying for larger parcels will he proportionately reduced.
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https://paperspast.natlib.govt.nz/newspapers/MS19350912.2.111
Bibliographic details
Manawatu Standard, Volume LV, Issue 244, 12 September 1935, Page 8
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127MORTGAGE CORPORATION Manawatu Standard, Volume LV, Issue 244, 12 September 1935, Page 8
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