1 OCTOBER 1932, Page 44

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CONVERSION.

of financial activity, for it is customary to underwrite The September 30th marks, of course, the final date for the 'new stocks and to, make a general offer to the public, holders of the British 5 per cent. War Loan to send in requests - with a prior-claim to allotment in the case of holders of for cashcareashdeparsYmhentds, and almostbyllthhe time this article is in maturing obligations. I do not consider, however, that amount toressdedit The e fwaaest may be r Her thsat the total swill remarkable achievement. Interest now centres upon the POLITICAL INFLUENCES. - ' manner in which the Government will raise a fresh loan to * * * *