CONVERSION LOAN
EXPECTATION OF SUCCESS. (Press Assn.) WELLINGTON. May 15. Asked how he thought the investing public would respond to the terms of the conversion loans announced this morning the president of the Stock Exchange Association of New Zealand (Mr Andrew Hamilton) said there should be no doubt of complete success in refinancing the loans wi/Jing due this year and the other loan which the Government had the right to repay. even though thev totalled the large amount of £21.000.000 odd. The Minister's statement that the terms were straightforward and fair was undoubtedly justified, said Mr Hamilton.
"One of the chief factors that will ensure succesb is the plain statement by the Minister that the next war loan, which the public I ally realises must come in the near future, is to be on a voluntary basis. Such a heartening assurance will restore confidence and give relief to many of the traders and industrial concerns who have anticipated a repetition of the difficult circumstances created by the previous compulsory loan.
"It is to be hoped that the second largest conversion in this country, and a voluntary one. meets with complete support and paves the way for a successful voluntary war loan. 1 '
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Bibliographic details
Manawatu Standard, Volume LXI, Issue 141, 16 May 1941, Page 5
Word Count
202CONVERSION LOAN Manawatu Standard, Volume LXI, Issue 141, 16 May 1941, Page 5
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