REBUILDING JAPAN
LOAN RAISED IN AMERICA
TO BE SPENT ON AMERICAN
MATERIAL.
(UNITCD PRESS ASSOCIATION.—COPIRIOHT.)
(.AUSTRALIAN-NEW ZEALAND CABLE ASSOCIATION.) NEW YORK, 19th January. The 'New York Times" learns that the Japanese representatives here have agreed upon1 the main feature of the 50,000,000 dollars loan with which to finance the purchase of American materials for the rehabilitation of various cities devastated by the earthquake. A correspondent understands that it was originally intended to float a loan simultaneously in New York and London, but banking circles assert that the entire offer Will be sold here. It is e.xpected_ that the bonds will carry 5£ per cent, interest, the coupons maturing in forty years.
These subterranean discussions serve to explain the firmness of yen at 46§, representing an overnight rise of 1* cents.
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Bibliographic details
Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
Word Count
130REBUILDING JAPAN Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
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