BRITISH FINANGE.
THE EXCHEQUER BONDS. IoY ELECTRIC TELEORAPn-COPTRIOHTj [PER PRESS ASSOCIATION.] LONDON', ...arch 23. The Daily Telegraph states that the Army and Navy and Civil Service estimates will be increased by £iU)00,000, necessitating another twopence , on the Income Tax, and the reimposition of the full sugar duty in the next Budget. The issue of Exchequer bonds (G'Jl,()()().()()() three per cents at 9i)J. with five years' currency) has been twice subscribed. The Times states that many snh-scribe-'-l believing the bonds would be oovared sixfold. Consequently they now possess much more than they wanted. The bonds are quoted at one-eighth discoiiint.
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https://paperspast.natlib.govt.nz/newspapers/HC19100326.2.14.16
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Horowhenua Chronicle, 26 March 1910, Page 3
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99BRITISH FINANGE. Horowhenua Chronicle, 26 March 1910, Page 3
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