CANADIAN LOAN.
DOLLAR AND BTERLING. AN IMPORTANT STEP. United Press Assn. —Elec. Tel. copyright LONDON, July 31. The prospectus for the Canadian loan of £15,000,000 states that no part of the proceeds will be readmitted directly or indirectly to oountries outside the Empire. The Financial News says it would take more than £15,000,000 to enable the authorities td' peg the Canadian dollar to the pound, but the new loan is an important step in that direction. The Financial Times says part of the proceeds of the loan will remain in London at the credit of Canada. The loan thus will help toward realisation of the stabilisation plan to which the Empire delegates to the Economic Conference appen'd their signatures.
LATER. FAVOURABLE FACTORS. SUCCESS CONSIDERED ASSURED romciai wireless.) (Received August 2, 11.45 a.m.) RUGBY, August 1. The recent marked success of the Australian conversion loan was a favourable factor in yesterday’s underwriting arrangements for the issue to-morrow of the £15,000,000 Canadian loan. ' There is a big demand for underwriting, and the attractions offered by Canada are considered in the city to assure success.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19330802.2.73
Bibliographic details
Waikato Times, Volume 114, Issue 19013, 2 August 1933, Page 7
Word Count
182CANADIAN LOAN. Waikato Times, Volume 114, Issue 19013, 2 August 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in