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Special bonds series U - conversion offer



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TREASURER

EMBARGO FOR RELEASE MOT ' BEFORE 6.00PM 23 MARCH 1978

P R E

RELEASE,. NO

PRESS STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, M.P.

SPECIAL BONDS SERIES U - CONVERSION OFFER

The Treasurer, Mr Howard, said today that Special Bonds -

Series U would mature on 1 April.

An amount of $57 million is presently outstanding.

Mr Howard said that holders of Series ϋ would be'offered the

opportunity to convert their holdings, on maturity, into the

current series of Australian Savings Bonds - Series 11.

Holders who wish to convert into Australian Savings Bonds -

Series 11, should make arrangements to convert their maturing

'securities on or before 14 April with their bank, or through

any member or a recognised Australian Stock Exchange or at

an Inscribed Stock Registry located at a branch of the Reserve

Bank. ■ ,

■ Terms and conditions of the conversion offer are set out

fully in prospectuses now being circulated to banks and

stockbrokers.

CANBERRA ACT 23 March 1978