OUTLOOK IN CANADA
CONVERSION LOAN SUCCESS [from our ow t n correspondent] VANCOUVER, Oct. U Tho general outlook in Canada is illustrated by tliQ co-operation of investors 'in the Canadian conversion loan of £50,000,000, which was oversubscribed in a weok. The issue pays interest ranging from 2.57 to 3.81 per cent. Tho lower interest rate —the issue converted yielded 5} per cent will save tho country £1,000,000 annually. It is not to be expected that the provinces and municipalities would get as good a rate in the money market as the Dominion did, but the success of the loan marks a definitely lower rate for money, in which they, too, should subsequently benefit.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21962, 20 November 1934, Page 5
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113OUTLOOK IN CANADA New Zealand Herald, Volume LXXI, Issue 21962, 20 November 1934, Page 5
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