DUNEDIN’S LOANS
CONVERSION OFFER. TO HOLDERS
(United Association—By Electric Tei egraph—Copyright.)
LONDON, November 22.
Holders of the City of Dunedin’s 4 per cent and 4£, per cent loans maturing on January 1, 1934, are being offered the right to convert with a new 4,;per cent loan of from 15 to 20 years currency at par. It is announced categorically that interest on the new bonds will be payable at London in sterling. It is stated that the borrowers could have re-borrowed locally on better terms, but have been deterred by the exchange loss.
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Hokitika Guardian, 24 November 1933, Page 5
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93DUNEDIN’S LOANS Hokitika Guardian, 24 November 1933, Page 5
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