FRENCH PERPETUAL BONDS.
(Received July sth, 11.5-j p.m.) PARIS, July 4. The conditions regarding new 4 per cent, Perpetual Bonds for holders of National Defence Bonds recently announced by M. Caillaux piovide that half-yearly'interest I>© at the rate of -1 per cent, annually, if exchange remains between 85 and 05 francs to the £. If the exchango rises above 05 a semi-yearly interest, calculated at 1.85 per cent, annually of the average ruling exchange determinable half-yearly, •will bo paid. Thus weakening exchango will mean larger interest payment, while an improving one will mean an augmented value of the standing coupon.
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Press, Volume LXI, Issue 18426, 6 July 1925, Page 9
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99FRENCH PERPETUAL BONDS. Press, Volume LXI, Issue 18426, 6 July 1925, Page 9
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