SUBSCRIBED TEN-FOLD
CONVERSION LOAN NEW ZEALAND SUCCESS ALREADY AT A PREMIUM AUSTRALIAN BUDGET'S AID By Telegraph—Press Association—Copyright (Received October 7. 12.15 a.m.) LONDON. Oct. G Tho New Zealand £5,000,000 conversion loan was subscribed ten-fold. Dealings opened at £ premium. Tho Evening News says it considers that the response to the loan was partly duo to the fact that tho Australian Budget had drawn investors' attention to tho remarkablo improvement in Australia. Tho Dail}' Telegraph says the impression in the City is that tho over-sub-scription of tho loan indicates that "stags" were numerous. It was expected to open at from £ to £ per cent premium, but to go higher when tho "stags" had taken their profit. The favourable Australian Budget assisted to swell the applications.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21616, 7 October 1933, Page 11
Word Count
122SUBSCRIBED TEN-FOLD New Zealand Herald, Volume LXX, Issue 21616, 7 October 1933, Page 11
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