LOAN CONVERSION
N.Z. POSITION IS REASSURING. (United Press Association-—By Electric Telegraph—Copyright.) (Received this day at 9.3 D a.m.) LONDON, Aug. 28. The “Financial News,” commenting upon the report that the Hon. W. Downie Stewart is seeking a loan eonversion while in London, declares that the position of Now Zealand is sufficiently massuring to enable a conversion on. reasonable terms. Nevertheless, it ,js doubtful whether much saving will he liievable, as New Zoalai d is rarely obliged to borrow on liio'li terms- rf credit. At present they are approximately on a UJ per cent b, sis
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Hokitika Guardian, 29 August 1932, Page 5
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95LOAN CONVERSION Hokitika Guardian, 29 August 1932, Page 5
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