BRITISH WAR LOAN
CONVERSION SCHEME FLOOD OF APPLICATIONS 74,000 ON WEDNESDAY WINDFALL FOR AGENTS By Telegraph—Press Association—Copyright (Received July 28, 5.45 p.m.) LONDON, July 28 Another flood of applications for conversion of war loan stock was received by the Bank of England yesterday, totalling 74,000. The total applications outstanding now are under 731,000. Continental holders continue to convert freely. The scheme has provided a windfall for stockbrokers and solicitors who, besides the banks, are entitled to commission as agents converting for clients. It is expected that the commission paid by the Government will total £3,000,000.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21247, 29 July 1932, Page 9
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95BRITISH WAR LOAN New Zealand Herald, Volume LXIX, Issue 21247, 29 July 1932, Page 9
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