LOAN CONVERSION.
I.PEB PRESS ASSOCIATION, j
Wellington, September 20.
In reference 10 the Liia Conversion Scheme alluded to m the cahle news of September 18tb. Th; "Post" ttttes that It 1b eimpiy a maturing of arrangements whioh have beeu m preparation foe cotn.vlrae past. Two five per cent lo&n> amounting together to aooot £1,600,000 aro juat about falling due, aud It h*a oeen arranged that they Biull be converted into * uQir 3| per c m isaue. The Bank of Eaglanu h»i undertaken to float a new loan at 97, but & prlvtta letter received by Dr Newman from a membar of the Legislature who is now In London states that it 1b believed it will be got off »t more than par. Judging from present feeling about the colony 'a atook, tbe oouveroloo. will reiuit tn a clear saving to the colony of about £24,000 ■ year; and other loats will mature m ouurto of the next iwo or three years whioh oan be similarly operated upon.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AG18890921.2.8
Bibliographic details
Ngā taipitopito pukapuka
Ashburton Guardian, Volume VII, Issue 2232, 21 September 1889, Page 2
Word count
Tapeke kupu
165LOAN CONVERSION. Ashburton Guardian, Volume VII, Issue 2232, 21 September 1889, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in