LOAN CONVERSION
(Press Assn.-
MARKETS RECORD TURNOYER OF SIX HUNDRED MILLION NO DISTURBANCE CAUSED
— By Telegraph — Cox»yrlghl)
London, Dec. 4. The loan conversion was brought to a triumphant conclusion on Thursday, December 1, when a tumover of more than £600,000,000, the lai'gest amount recorded on any market, was. completed with-out distuirbance, despita the war debts uncertainties and exchange complicatioh. The expected increase in the market supplies of credit has not materialised a© the authorities have been many weeks purchasing unconverted war loanP testifying to the care and skill wherewith the entire conversion was planned. The war debts have overshadowed the markets. The movement of giltedged has been unusually wide, but is not the slightest evidence that conlidance has been affected. The city admittedly is more coneerned ahout honouring the obligations to America than the economic consequences thereof, and the recovery of giltedged securities significantly followed inspired reports that Britain would pay if America insists.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 398, 6 December 1932, Page 5
Word Count
154LOAN CONVERSION Rotorua Morning Post, Volume 2, Issue 398, 6 December 1932, Page 5
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