MR NASH CONFIDENT
ARRANGEMENTS FOR DEBT CONVERSION
EXPLORING POSSIBILITIES OF DEFENCE LOAN. MORE CITY OF LONDON RUMOURS By Telegraph—Press Association —Copyright. (Received This Day. 10.25 a.m.) LONDON, July 2. . The New Zealand Finance Minister, ,Mr W. Nash, interviewed by the “Daily Telegraph,” said he was confident that the £17.000,000 loan redemption would he satisfactorily arranged. He added that sterling will be available to pay for imports from Britain. He is exploring the possibilities of a defence loan. The “Daily Mail's” City editor says Mr Nash aims at a six million defence loan and a ten million loan in order to establish secondary industries. The writer adds that an error for which the present Government is not blameworthy was the fixing of the repayment of the seventeen millions loan on a single date, instead of two, say 1940 and 1960, giving greater scope for conversion or renewal. Single dates for redemptions involving seventy-three millions are also fixed for 1940, 1944, 1946, 1947 and 1949. Two other loans, totalling thirty millions have optional dates.
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Wairarapa Times-Age, 3 July 1939, Page 6
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172MR NASH CONFIDENT Wairarapa Times-Age, 3 July 1939, Page 6
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