LOAN CONVERSION
OVER. HALF ACCOUNTED .FOR PROGRESS MOST ENCOURAGING. (Per Press Association— Copyright ) RUGBY, July 9. ' The remarkable progress that hag been made with, the conversion of the ’ Five" Per "Cent War/ Loan was. , described by the Chancellor of the Exchequer, Mr N. Chamberlain, yesterday, as splendidly encouraging. It is . authoratively estimated that, including the holdings .of the . loan by the. Government Departments, al'l' of which will be converted, more than one-half of the, huge total of £2,00,000,000 .involved in !the operations is. already .accounted ;for■- , 'V
at request of the Government, a-s i head, of the appeal for conversion, said the response had been .far., greater /than they had dared to hope. All but a.very small proportion of ~347, ■OOO. applications;so far. received by the Post Office Were for’conversions.-
The Treasury officially informs tlie. . Australian /-/Press,- Association that overseas herfders/ of the loan, including Australian and New Zealand, ir,respective ■ -pf when they, receive notifications, will not lose tlie bonus*,' owing to the; -variability -in time taken for the application to reach distantcountries.
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Hokitika Guardian, 12 July 1932, Page 6
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173LOAN CONVERSION Hokitika Guardian, 12 July 1932, Page 6
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