AUSTRALIAN CONVERSION
FINANCIAL NEWS COMMENT Received Alav 7. 6.10 p.m. LONDON, Alay 6. Commenting on the prospect of the Australian conversion, me Financial News says: “The task of the negotiators is to find such an amount could be placed on the market at 4 per cent, at a reasonable discount without the risk of prolonged market indigestion. It is doubtful whether any effort to deal with say all tho callable indebtedness carrying a nominal rate of over 5J per cent., could satisfy those conditions, so it is evident that any scheme must be in the nature of a compromise. That need not prevent Australia dealing with quite a substantial sum.”
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 106, 8 May 1933, Page 7
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110AUSTRALIAN CONVERSION Wanganui Chronicle, Volume 76, Issue 106, 8 May 1933, Page 7
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