LOAN CONVERSION
FURTHER , TRANSACTIONS. (United Press Association—By Electric Telegraph—Copyright.) LONDON, July 8. The war loan conversions include the following: London County Council, £2,000,000; the Underground Railways Company, £1,044,000; the Prudential Insurance Company, £12,000,000. Trustee Savings banks / 'throughout the country are notifying the continuance of their holdings. All of the members of the London Bankers’ Clearing House also announce that they are converting, while the Bank cf England is already converting .tht* whole of its war loan Holdings. Referring to the progress of the war loan conversion scheme, the Financial Secretary to the Treasury, Major Elliott, stated in the House of Commons to-day that its reception, had been favourable in the extreme, and the postbags to-day had exceeded their most sanguine expectations.
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Hokitika Guardian, 9 July 1932, Page 5
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121LOAN CONVERSION Hokitika Guardian, 9 July 1932, Page 5
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