THE VICTORIAN LOAN
ALTKIJNATJ \':. (JFFISRS. Per Press Ructivod 12, O.Si.i.m. London, Ootcber 11. The Victoiiau Joan is officially aiiLOunee 1. The bondholders will be offered, for a p»iiod of alout three work'', the choice, firstly, of taking £lO3 of 3| por cent stock re'deemable from 1929 to 1949 for every .£IOO of existing debentures, the holders regaining the coupon due in January, 1904 (tue stcck will carry from October 1, and will have a sinking fund of oco per cent.); or, .sei.'Milly, they will be (ii'.hd 4 po>: Treasury bills repay f '.b!e in Juiy, 1906, and 25s cn.sb, wi;h tuuop'.ion to the holders of bills to conv.iti. into £lO4 of 3i per cent stock, up to 31st December, 1905, with one mouth's couoon on the bills payaWfe July U\ 1904." Nivkon iu.t\ Cj.u;>iny arranged the S(;home, and have practically enmpl.tid underwriting the loan. The Underwriters Commission is to be oiie per cent.
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Taranaki Daily News, Volume XXXXV, Issue 219, 12 October 1903, Page 3
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153THE VICTORIAN LOAN Taranaki Daily News, Volume XXXXV, Issue 219, 12 October 1903, Page 3
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