LOAN REPAYMENTS
TO REDUCE INDIAN DEBT. (British Official Wireless.) RUGBY, Juno 14. The Secretary for India will repay to-morrow, 15th June, the earliest pos. sible redemption date, the outstanding balance, £3,604,600, of tile Indian 6 per cent, bonds 1932-33, which were issued in February of 1930. The total amount of the issue was £6,009,000, which was reduced to the above figure bv independent o Derations. Of the .standing balance. £11.213,428 of the India 5} per cent, loan ]932 (of which the original amount was £22,609,009) was repaid last January, The recent .issue of Indian sterling stock was for £10.000.000 nominal. A'ter allowing for this operation, the effect of the repayment of these two loans is to reduce bv a very large, amount the outstanding total of Indian debt, in O btain.
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Hokitika Guardian, 16 June 1932, Page 5
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131LOAN REPAYMENTS Hokitika Guardian, 16 June 1932, Page 5
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