MONEY MATTERS

Hokitika Guardian, 29 September 1933, Page 5

MONEY MATTERS

LOAN CONVERSION. (Per British Official Wireless.) RUGBY, September 27. Yesterday was the last day for the lodging ot conversion applications for the Commonwealth of Australia loan of approximately £21,000,000. Although the details are not yet obtainable, “The Times” says; “It is possible to state that the issue, both as regards the cash and the conversion applications Inis been a great success.’’

A FIRM MARKET. LONDON, September 28. Stock Market business yesterday was restricted. British stocks were quiet and easier following mi the Conversion Loan, TJw Wtir Loan 8J per cents, were JQOi Argentine railways were strong with gains of from hal.' a point to 2 points, as the result of the signature of an Anglo-Argentine agreement. Details of the new conversion loan have been weH received in the City. Sir Leith Ross, the Chief Economic adviser to the British Government, is leaving for Washington to-day to represent the British Government in the War Debt conversations, which are due to begin on October sth.

CASH 'SUBSCRIBERS. (Received this day at 10.32 a.m.) LONDON, Septebmor 28. Dash subscribers to the Commonwealth loan receive approximately ten cent, of the amount applied for. Dealings have opened at lj to II premium.