AUSTRALIAN FINANCE
PROPOSED CONVERSION. (United Press Assn.—Telegraph Copyright.) (Rec. G. 50 p.m.) London, May 6. Commenting on the prospect ol Australian conversion, the Financial News says the task of the negotiators is to find such an amount as could be placed on the market at four per cent, at a reasonable discount without the risk of a prolonged market indigestion. It is doubtful whether any effort to deal with all the callable indebtedness carrying a nominal rate over 5$ per cent could satisfy these conditions, so it is evident that any scheme must be in the nature of a compromise that need not prevent Australia dealing with quite a substantial sum.
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Southland Times, Issue 22009, 8 May 1933, Page 7
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111AUSTRALIAN FINANCE Southland Times, Issue 22009, 8 May 1933, Page 7
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