LOAN CONVERSION
A ESG AMERICAN PROJECT
United Press Association —By Electric Telegraph—Copyright)
WASHINGTON, October 11
The United States Treasury Department announced an important financing project today involving the redemption of 1875 million dollars of gome s J 'x billions of outstanding Fourth Liberty Loan Bonds. Five hundred million of these bonds selected by lot, will be redeemed in cash. The remainder will be substituted by a new ’.ssue of Treasury bonds of ten to twelve years maturity, paying per cent, interest in the first year and 3f per -ceiit. thereafter. If the flotation of the bonds is successful, the Government will save about 18,700,000 dollars in annual interest charges.
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Hokitika Guardian, 13 October 1933, Page 5
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109LOAN CONVERSION Hokitika Guardian, 13 October 1933, Page 5
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