LOAN FOR NEW ZEALAND
TERMS OF THE OFFERS.
CASH AND CONVERSION. DATES OF APPLICATION. (By Telograwi—press Assn.—coDrrlfrht.) (Australian Press Association.) (Received Jan. 9, 9.55 a.m.) LONDON, Jan. 8. The final instalment of the New Zealand loan, 35 per cent., is payable on April 2. Allowing for redemption in 1958 it will yield £4 16s 5d per cent. Holders of 4 per cent, stock maturing on November 1, 1929, are invited to convert at the rate of £lO4 5s into new 4i per cent, stock for every £IOO 4 per cents, surrendered. The conversion offer is limited to £12,000,000. Holders converting will receive on March 1, 1929, four months’ interest, and a full half-year's interest on the 4i per cent, issue will be paid on September 1, 1929. Gash applications close on January 11, and conversion applications on January 26.
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Bibliographic details
Waikato Times, Volume 105, Issue 17605, 9 January 1929, Page 8
Word Count
139LOAN FOR NEW ZEALAND Waikato Times, Volume 105, Issue 17605, 9 January 1929, Page 8
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