N.Z.’S DEBT
CONVERSION POSSIBILITIES. WELLINGTON, September 26. An official return shows that the amount of the State’s overseas debt which will be susceptible to legitimate conversion during the next seven years is very much larger than has generally been realised. Actually loans aggregating £41.800,000 will reach their maturities or optional maturities in the United Kingdom before the end of 1940. This total is made up as follows: £ Optional maturity date already reached ... 9,000,000 Optional maturity in 1935 10,000,000 Optional maturity in 1936 5,890,000 Maturity in 1940 ... 17,000,000 Total ... £41,800,000 Of the loans which have already readied their optional maturity dates, the Prime Minister, the Rt. Hon. G. W. F orbes, has announced that arrangements have been made for the conversion of £5,000,000. There is some doubt whether the Government will be able to proceed with the conversion of the balance of £4,000,000 during the current year.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19330929.2.20
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 29 September 1933, Page 4
Word count
Tapeke kupu
146N.Z.’S DEBT Hokitika Guardian, 29 September 1933, Page 4
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in