BRITISH FINANCES
CONVERSION OPERATION
THIS WEEK’S DISTRIBUTION
(Elec. Tel. Copyright—United Press Assn.)
(Received Nov. 29, 2 p.m.)
LONDON, Nov. 28,
The Government on Thursday is distributing >1165,000,000 to holders of ,‘j per cent, war loans who have not converted, and also £50,000,000 interest. It is also repaying £150,000,000 worth of Treasury bonds. The Treasury will receive the second instalment of the 3j per cent, conversion loan, amounting to £150,000.000, and also the new 2 per cent. Treasury bonds, amounting to £140.000,000.
The difference of £70,000,000 will be found by normal bill operations. The Government will save £28,000,000 on the next half-yearly payments on the 3j- per cent, conversion loan.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17949, 29 November 1932, Page 6
Word Count
109BRITISH FINANCES Poverty Bay Herald, Volume LIX, Issue 17949, 29 November 1932, Page 6
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