FRENCH LOAN IN AMERICA
THE ARRANGEMENTS MADE, (Heater's Telegram.)
New York, July 11. A statement has been issued by J. P. Morgan and Co. and the Brawn banking firm regarding the French loan. An American corporation is being formed to be known as the American Foreign Securities Company, with an issue of 95 million dollars, at interest of 5 per cont." and curency for throe years. Its notes 1 are secured oil .1 basis of a 20 per cent, margin, by obligations of . the Governments of Argentina, Sweden, Norway, Denmark, Switzerland, Holland, Uruguay, Brazil.. Egypt, Spain, and the Province of Quebec; shares in the Suez Canal Company and lxmds and shares in American corporations. fThis statement is not very, clear, but what is intended to be conveyed 15 that the loan to France is nominally a hundred million dollars, but actually only 95 million dollars, for which tho French have deposited securities worth 120 million dollars,]
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Dominion, Volume 9, Issue 2825, 17 July 1916, Page 5
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156FRENCH LOAN IN AMERICA Dominion, Volume 9, Issue 2825, 17 July 1916, Page 5
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