N.S.W. LOAN
A SUCCESSFUL CONVERSION. * (United Press Association—By Electric Telegraph—Copyright.) (Received this day at 9.30 a.m.) LONDON, October 12. The New South Wales loan converters received allotments in full. ..Cash subscribers received lli P® 1 ’ c ® nt . °f ie amounts applied for. Sisty-tHwSe P® 1 ' cent, of the holders converted. The cash applications were Over thirty-nine millions, Australian financial circles regarded the conversion as more than satisfactory, seeing a higher percentage was converted than usual for Dommion Joans; a/though it is suggested m some quarters that the conversion would have been larger if it had been kept open longer than a week. The authorities emphasise that it would be contrary to London custom to exceed a, week. Dealings ..in the new loan opened at 2£ to 21 per cent, premium.
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Hokitika Guardian, 13 October 1932, Page 5
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130N.S.W. LOAN Hokitika Guardian, 13 October 1932, Page 5
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