LONDON EXCHANGE
OPERATIONS STIMULATED London, Sept. 4. Through the rising commodity prices the Stock Exchange has shown considerable activity laAely, especially in gilt-edged, which have been stimulated by the Treasury's retention of the embargo on new issues till October 1. All British funds advanced and Australian and New Zealand also improved. Referring to the approaeh ing conversion of the New South Wales 53 per cent. loan the Spectator's financial editor says that no doubt it will bo converted on terms advantageous fo the borrowers, and in some quarters it is thought any new issue will be in the form of Commonwealth bonds. At all events, when conversion comes, Australia undoubtedly will benefit by the easier money rates here, as well as by the rise in British securities and the courageous manner in which the country faced its great exchange crisis.
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Rotorua Morning Post, Volume 2, Issue 320, 6 September 1932, Page 5
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140LONDON EXCHANGE Rotorua Morning Post, Volume 2, Issue 320, 6 September 1932, Page 5
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