EASING THE FINANCIAL STRAIN
BANK OF . ENGLAND AND WAR REPAYMENTS. ••(Reo.- November 2, 10 p.m.) 1 ■ London, November 2. The Treasury.has arranged: with the Bank, of England, with a new "of avoiding;- realisations on a large scale of'securities held as cover for accoirat-!to-account loans on the .Stock .Exchange, .to provide advances .to. cerr tain classes of 'lenders to enable them to continue loans : until the end of
the war. All banks'to which currency facilities are open, have agreed not to press for repayment of' loans, or require the deposit of further margins for ', a year after the conclusion of the .war. ■ -.The-arrangements;.provide .for'.an. advance of sixty per cent, of tho value of •'the securities, and interest is . fixedsi one per centum above the bank 'ato, with a minimum of five per cent.'
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Dominion, Volume 8, Issue 2297, 3 November 1914, Page 6
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132EASING THE FINANCIAL STRAIN Dominion, Volume 8, Issue 2297, 3 November 1914, Page 6
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