SAVING IN INTEREST
LIBERTY LOAN CONVERSION
WASHINGTON, October 12,
The United States Government today completed the largest refinancing move of the New Deal as last-minute offerings brought the amount of called Liberty 4J per cent, bonds presented for new securities, to approximately 1,000,000,000 dollars.
An annual , interest saving of 14,500,000 dollars is effected by theoperation, bringing the total interest reduction on outstanding securities to 32,000,000 dollars in the last twelve months.
Treasury officials expressed gratification, but withheld comment on whether an additional amount would be called on October 15. ,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19341013.2.66.2
Bibliographic details
Evening Post, Volume CXVIII, Issue 90, 13 October 1934, Page 9
Word Count
89SAVING IN INTEREST Evening Post, Volume CXVIII, Issue 90, 13 October 1934, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in