NEW ZEALAND LOANS.
CONVERSION OFFERS IN LONDON. (Australian Press Association). LONDON, Sept. 13. Referring to rumours of New Zealand conversion loan offers, the Morning Post’s city editor states: “New Zealand’s credit stands high and the terms now mentioned are m harmony with it. It is believed that the amount outstanding has been reduced through the operation of sinking funds to under £10,000,000. We understand that the Government will offer holders of about £9,700,000 of 4 per cent, stock new 5 per cent, inscribed stock, dated 1935-45, up to about £5,000,000 at 98. The balance of about £4,700,000 will be repaid in cash on November 1. “Thus New Zealand is not seeking any fresh money at present, but instead is redeeming practically 50 per cent, of the amount outstanding. The conversion offer will doubtless be underwritten. The response should be genorous.”
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Manawatu Standard, Volume XLIX, Issue 245, 14 September 1929, Page 9
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140NEW ZEALAND LOANS. Manawatu Standard, Volume XLIX, Issue 245, 14 September 1929, Page 9
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