AUSTRALIAN LOANS
success prompts further big conversion proposals SAVING IN INTEREST Rec. August 1, '8.10 p.m. Canherra, July 31. In view of the siiccess of the recent Australian £17,000,000 loan conversion in London, it is expected that the Commonwealth will take steps this month, to convert the remaining £15,000,000 6 per cent. stock. This will be Commonwealth optional' securities and will be the first direct operation on behalf of the Commonwealth. Since Mr. S. M. Bruce took up his duties as Australian Resident Minister in London, he has effected conversions which have resulted in a saving of £1,066,^08 in interest payments.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 599, 2 August 1933, Page 5
Word Count
101AUSTRALIAN LOANS Rotorua Morning Post, Volume 2, Issue 599, 2 August 1933, Page 5
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