CONVERSION OPERATIONS
U.S. Treasury Gratified With Result. Dnited Press Assn.—By Electric ■ Telegraph—Copyright. (Received April 16, 11 a.m.) WASHINGTON, April 15. The Treasury' has announced that its books have closed on the conversion operations in Liberty Bonds valued at 1,005,000,000 dollars. It is stated that 797,000,000 dollars’ worth have been exchanged for the new 31 per cent Treasury offerings, while 234.000,000 dollars’ worth of other bonds have also been turned in. Mr Morgenthau, Secretary of the Treasury, considers the result? verygratifying. He said that the Treasury' would easily be able to pay cash for the 200,000,000 odd bonds outstanding. He also announced that in addition the 1,200,000.000 fourth Liberty Loan will be called in on October 20.
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Star (Christchurch), Volume LXVI, Issue 20281, 16 April 1934, Page 1
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116CONVERSION OPERATIONS Star (Christchurch), Volume LXVI, Issue 20281, 16 April 1934, Page 1
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