FEDERAL LOAN
A SUCCESSFUL CONVERSION
(Australian Press Association)
CANBERRA, December 21
The Prime Minister, Rt. Hon. J. Lyons, expressing his gratification at the success of the recent loan conversion of £16,647,000 of which, the interest yield is £3 16s 9d, compared to £3 17s lid with the former conversion, said that the Commonwealth would save £304,000 , a year in interest and exchange. He added that only £17,854,850 o,f high interest Australian loan remain to be converted to lower interest.
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Hokitika Guardian, 22 December 1933, Page 5
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79FEDERAL LOAN Hokitika Guardian, 22 December 1933, Page 5
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