LOAN CONVERSION OFFER
HOLDERS' QUICK RESPONSE ' TOTAL OF £6,650,000 ALREADY [by telegraph —PRESS association] WELLINGTON, Monday ! The response to the conversion offer made last week to holders of Government stock and debentures totalling £•21,000.000. normally maturing on July 15, 1941, November 15, 1941, and March 15, 1943, was referred to by the Minister of Finance, the Hon. W. , Nash, this evening. He stated that application had already been received for , conversion of £6,650,000 of these ! securities. "The quick response made by holders i of nearly one-third of the securities | concerned is much appreciated," said Mr. Nash, "and clearly indicates a reI cognition on the part of investors genj erally of the fairness of the offer made jto them. The results achieved in a ! couple of days augur well for the sucI cess of the whole conversion operai tion-" j = =
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Bibliographic details
New Zealand Herald, Volume LXXVIII, Issue 23969, 20 May 1941, Page 8
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139LOAN CONVERSION OFFER New Zealand Herald, Volume LXXVIII, Issue 23969, 20 May 1941, Page 8
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