LOAN CONVERSION
GREAT SUCCESS IN AUSTRALIA. (Australian Press Association.) SYDNEY, August 30. In the last few days for dealing in the “old” bonds, the market for Commonwealth securities, has been satisfactory. Prices are hardening, in consequence of the heartening progress of the Conversion Loan campaign. The actual conversions up to midday yesterday totalled 337-]- millions. In addition, promises have brought the total to 390 millions, leavirig only 150 millions outstanding, much of which is held by small investors, who are expected to allow thbir holdings to be converted silently. Bank stocks have eased somewhat on ’Change through selling by weak holders, but the presence of ready buyers lias caused a recovery in values. , AUSTRALIAN CREDIT IMPROVING LONDON, August 29. Australian securities have remained firm in Britain throughout the crisis, on the advices of the successful pro'prqss of the Australian conversion loan. • ■
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Hokitika Guardian, 31 August 1931, Page 5
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141LOAN CONVERSION Hokitika Guardian, 31 August 1931, Page 5
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