BRITISH LOANS
!• FITRTHiRR CONVERSIONS ] INTENDED. A '
LONDON,. August 17. j The “Daily Telegraph” says‘V"'' < 'The paving of twenty-three millions a year Anticipated as the...‘.result 'of the 1 war 'pain conversion is not the only prospective economy in. debt Expenditure.; It is well-known that tile Treasury' is preparing p\ans for . the conversion’ ol pOier issues.” The' “Telegraph 0 - suggests that the likeliest issues to be converted are those ,of, 13j millions at per cent., 192545; 140 millionr at 4-> p er cent., 1932-34 ; fourteen millions of 4^; per cent. Treasury bonds due for Repayment next February ; and 115 mi 1 - lioris of 5 per cent, bonds 1933-35 All- of these would be- offering a substantial saving on their conversion. "j ‘ft is suggested, in srome quarters, it. that the Treasury could issue five year "bonds on a' 2$ -per cent, basis.
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Hokitika Guardian, 19 August 1932, Page 8
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140BRITISH LOANS Hokitika Guardian, 19 August 1932, Page 8
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