The Recent Loan Conversion
-■— —^^ " -'• LPSR UNITKD PKBSB ASSOCIATION.] ; Wkllington, This Day. It is calculated the conversion loan will not realise sufficient to cover the amount' of debentures to be paid oft in November and March, by a considerable sum. One paper here puts it at but the Government believe this is over-estimated, and the expenses of raising the loan will not be so heavy as anticipated. The amount of .£2,700,000 was fixed as the the sum required by the loan agent, aided by the advice of the Bank of New Zealand, and it is supposed they expected a better price than was obtained, or they would have made it more in order to cover the possibility of a deficiency. Whatever sum is required to make good the deficit can, it is believed, be obtained by floating a small parcel of 3£ per cent debentures, but nobody here seems to quite understand the exact nature of the position.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18891031.2.8
Bibliographic details
Feilding Star, Volume XI, Issue 57, 31 October 1889, Page 2
Word Count
157The Recent Loan Conversion Feilding Star, Volume XI, Issue 57, 31 October 1889, Page 2
Using This Item
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