BRITAIN’S CONVERSION LOAN.
A COMPLETE SUCCESS.
(British Official Wireless.) RUGBY, Oct. 4.
The latest British conversion opera- ; tion, whereby the Government offered £150,000,000 of 2 per cent, conversion ; loan 1944-49 at 94 per cent, has been j a complete success. The offer was made on September 26, on which date - cash applications were closed, the allotments being issued to-day. Applications up to £SOOO have received full allotment, while those for larger amounts have to be content with about 79 per cent, of the amount applied for. Conversion rights into the new loan .ware given to holders of £50,757,000 of 4J per cent, stock. Treasury bonds due for repayment on February next. The i saving on these bonds will amount to i nearly £1,000,000 a year. The rest of the loan about £100,000,000, will reduce by that amount for : the time being the total of tho floating > debt, and will provide means for re- ! deeming £10,500,000 of 4 per cent. I Treasury bonds 1934-36 should the GovL erument elect to give notice of redemption on Aprjl 15 next. Dealings in the new conversion starts ed this morning on a par basis.
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Manawatu Standard, Volume LIII, Issue 265, 6 October 1933, Page 7
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190BRITAIN’S CONVERSION LOAN. Manawatu Standard, Volume LIII, Issue 265, 6 October 1933, Page 7
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