CONVERSION OF LOANS.
Tramway Board Plan* for Exchange. The Tram wav Board, which ha* put a loan conversion scheme before it* bondholders, has not included in the scheme loans totalling £324,920, which are due for repayment on October 1, 1934. Some of the holders of these securities have asked that the life of their investments be continued, but the board is unable to do this, and in such cases, has recommended that bondholders who are due for repayment this year should purchase debentures from those who have converted their holdings, or from persons who do not wish to convert but desire the repayment of their bonds. To facilitate an exchange of bonds maturing this year for converted stock, the board has decided to charge no brokerage on such an arrangement.
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https://paperspast.natlib.govt.nz/newspapers/TS19340117.2.115
Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20206, 17 January 1934, Page 7
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130CONVERSION OF LOANS. Star (Christchurch), Volume LXVI, Issue 20206, 17 January 1934, Page 7
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