CONVERSION LOAN.
FULL AMOUNT COVERED.
TOTAL NOW £570,000,000.
DEALING WITH DISSENTIENTS,
By Telegraph—Press Association—Copyright (Received September 2, 8.15 p.m.) MELBOURNE, Sept. 2.
The Federal Loan Council has reassembled to reconsider the result of the conversion loan. It is announced that the total of actual and promised conversions is now 170,000, representing £570,000,000. The total of the loans was £556,000,000. The total number of dissenting holders was 24,000, representing securities valued at £15,573,000. The Premiers' Conference has decided that while the dissentients should be allowed a further seven days in which to convert their loan holdings, legislation should be introduced forthwith to deal with those who have refused to convert.
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20968, 3 September 1931, Page 9
Word Count
109CONVERSION LOAN. New Zealand Herald, Volume LXVIII, Issue 20968, 3 September 1931, Page 9
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