THE NEW ZEALAND LOAN.
By Telegraph—Press Association. Wellington, Last Sight. The Hon. J. Allen, Minister for Finance,, states that the whole of th» t recent Joan has now been converted. T!>* term of the loan was for ten years, il being a convertible loan fesiwd ,in four per cent. debenture bonds which were conrertiblt into four per cent, stock at 102, maturing in 20 years (<1843-GB), ■;•■ A» l.h« wholo loan was subscribed at once, with applications to convert, it practically meant that the debenture bonds wer« not issued, but the whole loan was taken up under the provisions for conversion. The loan is, therefore, not a short-dated, but a long-dated loan for a similar period to the last loan floated by the Government.
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https://paperspast.natlib.govt.nz/newspapers/TDN19140206.2.34
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Taranaki Daily News, Volume LVI, Issue 187, 6 February 1914, Page 4
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123THE NEW ZEALAND LOAN. Taranaki Daily News, Volume LVI, Issue 187, 6 February 1914, Page 4
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