INTERNAL LOAN
STOCK EXCHANGE VIEW. By lelestraDh—Press Association WELLINGTON, June 24. The chairman of the Wellington Stock Exchange reports that members of the Exchange endorse the statement of the Minister of Finance, wherein he refutes the rumour that the Government contemplates issuing a substantial loan in the near future at a rate over 4 per cent. When arrangements for the recent conversion of Government loans were being considered, representatives of the Exchanges strongly recommended that the issue of over the counter loan should be suspended, until the market for converted slock and bonds had settled. This was immediately agreed to by the Minister, and has not been departed from. The result has been that the market has been freed from the influence of new Issues, and settled at a little over par, inclusive of accrued interest for the 4 per cent. loan.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19525, 26 June 1933, Page 6
Word Count
142INTERNAL LOAN Timaru Herald, Volume CXXXVII, Issue 19525, 26 June 1933, Page 6
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