DEALINGS AT PREMIUM
NEW SOUTH WALES LOAN MORE THAN SATISFACTORY LONDON, October 1,2. New South Wales loan holders favoring conversion received their allotments in full. Cash subscribers received 11} per cent, of the amounts applied for. In all G 3 per cent, of the holders converted. Cash applications reached over £39,000,000. Australian financial circles regard the conversion as more than satisfactory, seeing that a higher percentage converted than is usual in the case of Dominion loans, although it is suggested in some quarters that the conversion would have been larger if the issue had been kept open longer than a week. The authorities emphasise that it would have been contrary to London custom to exceed a week.
Dealings in the new loan have open ed at £2 5s to £2 10s per cent, premium,
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17909, 13 October 1932, Page 7
Word Count
134DEALINGS AT PREMIUM Poverty Bay Herald, Volume LIX, Issue 17909, 13 October 1932, Page 7
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