AUSTRALIAN LOAN
SIXTH SINCE LAST AUTUMN ( Brituh Official Wiralaa*. ) RUGBY, Dec. 20. Dealings began on the Stock Exchange this morning at 3.8 per cent, premium in Commonwealth of Australia 3j per cent. loan. A total of £16,647,349 was offered for the purpose of funding certain maturing loans of Australian States. The loan, which is Australia’s sixth since the autumn of 1932, was a great success. MR LYONS GRATIFIED BIG INTEREST SAVING. Received De*?. 21, 11.55 p.m. CANBERRA, Dec. 21. The Prime Afinister, expressing gratification at the success of the recent conversion of £16,647,000, of which the interest yield is £3 16s 9d compared with £3 17s lid of the former conversion, said that the Commonwealth would save £304,000 a year in interest and exchange. He added that only £17,854,850 of high interest loans remain to be converted at lower interest.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 302, 22 December 1933, Page 7
Word Count
140AUSTRALIAN LOAN Wanganui Chronicle, Volume 76, Issue 302, 22 December 1933, Page 7
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