QUICK RESPONSE BY HOLDERS
Conversion Of Stock And Debentures
(P.A.) WELLINGTON,' May 19. The response to the conversion offer recently made to holders of Government stock and debentures normally maturing on July 15,1941, and March 15,1943, was referred to by the Minister of Finance, the Hon. W. Nash, in an interview this evening. He stated that applications had already been received for the conversion of £6,650,000 of these securities.
“The quick response made by the holders of nearly one-third of the securities concerned is r. uch appreciated,” said Mr Nash, “and clearly indicates a recognition on the part of investors generally of the fairness of the offer made to them. The results achieved in a couple of days augur well for the success of the whole conversion operation, involving £21,250,000 of public debt.”
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https://paperspast.natlib.govt.nz/newspapers/ST19410520.2.45
Bibliographic details
Southland Times, Issue 24439, 20 May 1941, Page 4
Word Count
133QUICK RESPONSE BY HOLDERS Southland Times, Issue 24439, 20 May 1941, Page 4
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