NEW LOANS
• BAN TO BE LIFTED. TREASURY STATEMENT. (British Official Wireless.) RUGBY 7 , January 13. The Treasury announces: “Now .that the series of operations directly associated with the conversion of the five per cent War, Loan is -about to be completed by the repayment on February 1 of the 5 per cent Treasury bonds, 1933-35',.-the Chancellor of the Exchequer thinks that, the time has come when he may safely withdraw his previous request regarding new issues of capital, except in the following cases:—(l)--Foreign issues, namely issues on behalf of borrowers, domiciled outside the Empire, or issues the proceeds of which, would be remitted, directly or indirectly, to countries outside the Empire; and (2) optional replacements of existing by new issues, if those new issues rank as trustee securities and involve either underwriting or an. invitation to the public to subscribe new cash.” The Chancellor ’ still asks, however, that, with a view to co-ordinating the requirements of intending congestion of the market no issue ranking as trustee security be made without a prior agreement with the Bank of England regarding the amount of date of issue.
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Hokitika Guardian, 16 January 1933, Page 4
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185NEW LOANS Hokitika Guardian, 16 January 1933, Page 4
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