“The report for 1926 of the Council of Foreign Bondholders, which has just appeared, is most interesting, perhaps, for its reference to the defaulting Southern States of the great American Republic (says the Truth). A little calculation shows that the amount owing by Alabama, Arkansas, Florida, Georgia, Lousiana, Mississippi,, and the two Carolinas is about £63,000,000, taking the average duration of default at 70 years and the rate of interest at 6 per cent. This sum is nearly sufficient to pay two years’ instalments on our debt to America (interest and repayment of principal), and if we could have saved that amount it would have been very useful in tiding over the period of misfortune caused by the coal dis- , pute.” Woods’ Great Peppermint Cure. For Influenza Colds.
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Hauraki Plains Gazette, Volume XXXVIII, Issue 5159, 1 August 1927, Page 2
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128Page 2 Advertisements Column 6 Hauraki Plains Gazette, Volume XXXVIII, Issue 5159, 1 August 1927, Page 2
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