DOMINION CREDIT
POSITION IS SERIOUS. AUSTRALIAN STOCKS BETTER. (United Press Association. —By Electric Telegraph.—Copyright.)
LONDON, May 22
The “Economist” recommends the immediate conversion of the British War Loan. It urges that tlu* holders he given the choice of lour years per cent, bonds at of 1 10 to Id yo:u*s four per cent bonds nt Cl(>().
The •‘News-Chronicle” says: n feature of the past week's Dominion stocks has been the strength ol Australians, owing to the dismissal of Mr Lang, an,| the publication of favourable trade icturns. Buyers o. Australians aiy now seeking the highest yields. These are given by the New South Wales fours redeemable in 103.'i, ami the three* redeemable in 1 Odd. Tile paper recommends the holders of New Zealand stocks to consider a partial change from these info Australian, as the New Zealand Economic Commiflce’s report shows that New Zealand's nos' 1 ion is serious, with a si mug temptation to devaluate the New Zealand pound.
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Hokitika Guardian, 23 May 1932, Page 6
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160DOMINION CREDIT Hokitika Guardian, 23 May 1932, Page 6
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