THE QUEENSLAND LOAN
OVERSUBSCRIBED FIVEFOLD.
MR THEODORE GRATIFIED. Press Association—By Telegraph—Copyright. LONDON. April 21. (Received April 25, at 5.5 p.m.) The Queensland loan was applied for fivefold. The conversion applications amounted to between £O.OOO, (KK) and £7,000,000, and the cash applications to £60,000,000. Air Theodore is gratified.— Reuter. The prospectus of the Queensland Government’s loan of 5J per cent, inscribed stock due in 1026-20 was issued by the Bank of England on April 7. The amount is £12,703,734, and the price is redeemable at pardon July 1,1020, or on three months' notice after July 1,1026. The proceeds will be used for the redemption of the Queensland ,‘Q and 4 per cent loans due on July 1, 1024. The holdings of these latter will be convertible for a like amount of new stock, the converter receiving on July 1, 1024, a cash payment of 4 per cent, pins a half-year's dividend in respect of his stock, it was announced that the lists would close on April 20.
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Bibliographic details
Otago Daily Times, Issue 19156, 26 April 1924, Page 10
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166THE QUEENSLAND LOAN Otago Daily Times, Issue 19156, 26 April 1924, Page 10
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