12 JANUARY 1929, Page 35

THE FIVE PER CENT. WAR LOAN.

In view of the fact that the Government has the right to redeem the 5 per cent. War Loan after next June, and that in any event the Loan is redeemable at par in 1947, it is not perhaps surprising that an increasing number of correspondents should now be making inquiries as to whether the moment is opportune for realizing and exchanging into securities of a more permanent Character. A good many large holders, of course, effected the exchange some time since, but certainly, up to the present; it can be said that those who elected to hold on and chance the risk of repayment have had no reason to regret their decision.