BRITISH CONVERSION SCHEME
PAPERS APPROVE ACCEPTANCE.
BIG INVESTORS GIVE FINE LEAD. By Telegraph—Press Assn.—Copyright. London, July 3. The Sunday papers, both in their editorials and in their financial columns, enthusiastically approve acceptance of the conversion scheme. The values of Stock Exchange securities have appreciated in the past few days by an aggregate of £500,000,000, The first post on Saturday brought 2000 applications for conversion under the Treasury’s loan scheme. Splendid leads have been given by Harrods Associated Companies in converting £OOO,OOO, and the National Union of Teachers in converting £172,000. The Stock Exchange opened on the first Saturday for five weeks. Business was active. British gilt-edgeds were quieter, investors turning their attention to industrials, Australian and New Zealand stocks advanced by from 10s tu £2.
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https://paperspast.natlib.govt.nz/newspapers/TDN19320705.2.67
Bibliographic details
Taranaki Daily News, 5 July 1932, Page 7
Word Count
125BRITISH CONVERSION SCHEME Taranaki Daily News, 5 July 1932, Page 7
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