THE NEW LOAN
(FBR FUUSH AHBOUIATIONi)
Wellington, Ootober 81.
Calculations have been mudo showing that the Conversion Loan will not realise sufficient to oovwr the amount of debentures to be puld off m November and Miroh by a considerable Bum. Ono paper puts it at £70,000, but tho Government believe this to be an over ebt ui<te, and the expeusen of raising the loan will not be so heavy an antiolpated v Tho ..mount, of £2.700.000 waa fixed as the sum required by ibe loan agent), tided by tho adyica of tfta Back of New Zealand, and it is supposed 1 hey expeoted v better prioo than was obtained or they would have made it more m order to. cover the possibility of a deficiency. Whatever sum is required to make good the defijit can, it [is believed, be obtained by iloatiog a further Binull parcel of 3$ per cent deboniures but no ody hero seems to understand (ho exact nature of the position,
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Ashburton Guardian, Volume VII, Issue 2268, 31 October 1889, Page 2
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164THE NEW LOAN Ashburton Guardian, Volume VII, Issue 2268, 31 October 1889, Page 2
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