MONEY TO INVEST.
SUCCESS OF VICTORIA’S LOAN. LIST QUICKLY FILLED. By Telegraph.—Press Assn.—Copyright. Received Feb. 21, 9.10 p.m. London, Feb. 20. It was generally expected that the Victorian loan would be fully subscribed, but few anticipated sudi an instantaneous auocesfl. The list was only open two hours when it closed. The subscriptions amounted to £55,000,000. Many applicants for prospectuses were disappointed. Victoria’s success is due to the rush for all gilt-edged securities, which was, renewed this morning on an even bigger scale, being stimulated by the Government’s offer to convert five per cent. Exchequer bonds, maturing on April 1. into 3i conversion loan at the rate of £136 conversion for each £lOO Exchequer bond. Heavy subscriptions for all recent loans are largely due to the stagg. ring, but at the same time good demand from investors.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 22 February 1922, Page 5
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138MONEY TO INVEST. Taranaki Daily News, 22 February 1922, Page 5
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