BRITISH LOAN
uujnveksion has brought advantages all i round "the best solution" (British Official Wireless) Rec. Nov.. 3, 5.5 p.m. Rugby, November 2.
Commenting on the new conversion loan and other operations for the year, the Times says: — • "The savings to the Exchequer, important as they are, do not exh'aust the advantages and henefits of the conversion. Other countries, particularly the Dominions, have profited from the leadership', of the British Government for most have experienc'ed a rise in their securities, and have been enabled to convert relatively dear loans into exceptionally cheap loans. "Municipalities have gained in the same way. "The British Government's action has brought advantages to British industrial and trading companies, which are. now ahle to raise fresh capital more cheaply th^q has been possible at any tane since the war as well as renew old capital on appreciably better terms.. "The lightening of the burden, for debtors: — whether Government's cor1.porations or traders — has become one of the most pressing economic problems owing to the fall in the price level over the last twelve years, and voluntary conversion offers the best possible solution."
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 371, 4 November 1932, Page 5
Word Count
185BRITISH LOAN Rotorua Morning Post, Volume 2, Issue 371, 4 November 1932, Page 5
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