N.Z. CONVERSION LOAN
IF NOT FULLY TAKEN
WHAT OF BALANCE?
(By Telegraph—Press Association—CopjrifiSt.) (Received July 29, 1.30 p.m.) V LONDON, July 28: There is some mystery as to hovr ■the balance of the £16,000,000 J\ Tew Zealand conversion loan;--will'-.be taken up if it is not fully subserved. It is believed that large houses in. the discount market, and the batiks, which are estimated to hold between them 50 per cent, of the maturing loan, intend to convert their"holdings, but it is felt that the money market is disinclined to make a cash application. / - ' The New Zealand operation is welcomed in financial quarters, but^ in view of the onerous redemption terms, industrial circles foresee- the possibility of unpleasant repercussions for British exporters unles' commodity prices rise. :
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https://paperspast.natlib.govt.nz/newspapers/EP19390729.2.100.1
Bibliographic details
Evening Post, Volume CXXVIII, Issue 25, 29 July 1939, Page 10
Word Count
125N.Z. CONVERSION LOAN Evening Post, Volume CXXVIII, Issue 25, 29 July 1939, Page 10
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