NEW TREASURY LOAN.
REPORTS IN LONDON.
£200,000,000 MENTIONED.
REDUCING FLOATING DEBT.
By Telegraph—Press Association—Copyright
(Received April 22, 11.15 p.m.) LONDON, April 21
The Daily Telegraph says there are strong reports of an impending issue by the Treasury.
The scheme for the conversion of the 5 per cent, war loans is not expected to bo launched until early in the autumn, but tho Chancellor of the Exchequer, Mr. Neville Chamberlain, probably will try the market earlier with a bond issue and utilise the proceeds for reducing tho floating debt by funding a large part of the Treasury bills outstanding. The Telegraph savs the suggested issue will not exceed £200,000,000.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21165, 23 April 1932, Page 11
Word Count
108NEW TREASURY LOAN. New Zealand Herald, Volume LXIX, Issue 21165, 23 April 1932, Page 11
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