INDIAN LOAN
THREEFOLD OVERSUBSCRIPTION. (United Press Association —By Electric Telegi aph—Copyright.) CALCUTTA, January 23. The new Government of India 4 per cent, loan of eleven millions sterling, which opened this morning, was oversubscribed in ninety minutes. The loan isi-ue induced a frantic rush of investors, resulting in the banks’ inability to accept the cash. The whole loan wrna taken up in Treasury Bills. It is regarded a,.-: a triumph Tor India’s audit stability, which will pavo the way for the operation of• a big conversion issue likely to amount to- £30,000,000 expected to-night.
another conversion scheme’. (Received 8.50 a.m.) CALCUTTA, January 24. The Government has decided to launch a big conversion scheme, involving three loans, the aggregate amount of which is fifty crojre.s of rupees. This decision was taken after the success cf the now four per cent. 1943 bonds issue, which was over subscribed yesterday, ninety minutes after the list opened.
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Hokitika Guardian, 25 January 1933, Page 5
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152INDIAN LOAN Hokitika Guardian, 25 January 1933, Page 5
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