FRENCH PREMIUM LOAN.
DRAAVINGS AVITH 50 PER CENT. PRIZE. PARIS, Dec. 29. The new French consolidated loan is to bo a 5 per cent, redeemable stock, with half-yearly drawings covering a period of 60 years. The stock is issued at par, that is MX) francs (£2 10s, at the present rate of exchange), and is to be redeemed at a premium of 50 per cent. Those fortunate enough to have their stock drawn quickly will have received a capital increment, and those who only draw later will find that the rate of exchange lias, by that time, become more favourable to the franc, so that the money they have invested will not yield the 50 per cent, increase, but also the added value of the improved exchange rates.
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Hokitika Guardian, 24 February 1920, Page 3
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128FRENCH PREMIUM LOAN. Hokitika Guardian, 24 February 1920, Page 3
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