CONSOLIDATED LOAN.
■ ♦ ■ (BT CABLt—PRESS ASSOCIATION—COPYRIGHT.) (AUSTRALIA* AHD X.Z. CABLE ASSOCIATIOS.) - ' LONDON, December 29. The prospectus of the consolidated loan offers to convert 5 per cent. Treasury bonds into new fours at £ll7 15s a £IOO, also 5 per cent, war bonds at £124 ss, and 4 per cent, war bonds at £llß. .
It invites cash subscriptions at £BS,
, SINKING FUND PROVISIONS. (Received December 30th, 9.50 p.m.) LONDON, December 30. An important feature of the ne» r wiaversion loan is the sinking fund arrangement, the Government undertaking to devote £2,500,000 quarterly for ten years to robuying tho issue for cancellation. The "Morning Post's" financial editor says the prospectus shows careful consideration of the whole question of national credit. The terms contain nothing likely to weaken the existing loans; on the contrary, the sinking fund should benefit other issues as well as this Government loan.
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Press, Volume LXII, Issue 18888, 31 December 1926, Page 15
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143CONSOLIDATED LOAN. Press, Volume LXII, Issue 18888, 31 December 1926, Page 15
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