COMMONWEALTH LOAN.
UNDERWRITTEN TO-DAY.
REAL SAVING IN INTEREST.
(Received July 22, 3 p.m.) LONDON, July 21
The new Commonwealth loan to be underwritten on July 22, consists of £13,469,981 bearing interest at 3 per cent, and is being issued at par, dated 1939-41, with the object of redeeming New South Wales inscribed 3 per cent, stock due for repayment on October 1; also £1,049,868 Victorian 5 per cent. 1933-45, holders of which can convert.
It is pointed out that the New South Wales 3 per cents, are issued at a discount, hence the new issue will mean real . interest saving amounting to £36,000 (Australian) per annum. Lists of cash applications will open and close on July 24.
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Bibliographic details
Waikato Times, Volume 118, Issue 19634, 22 July 1935, Page 8
Word Count
117COMMONWEALTH LOAN. Waikato Times, Volume 118, Issue 19634, 22 July 1935, Page 8
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