INDIAN LOAN
REMARKABLE EXHIBITION OF CONFIDENCE BY PUBLIC INVESTORS RUSH ISSUE Calcutta, January 23. The new Government of India's loan of £11,000,00 at 4 per cent,
which opened this morning was oversubscribed in 90 minutes. The loan issue induced a frantie rush of investors resulting in the banks be.ing unable to accept cash, and the whole loan was taken up in treasury bills. The suceess of the loan is regarded as a triumph for India's eredit stability which will pave the way for the operation of a big conversion issue, likely to amount to £36,000,000, an announcement concerning which is expected to-night.
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Rotorua Morning Post, Volume 2, Issue 439, 25 January 1933, Page 5
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102INDIAN LOAN Rotorua Morning Post, Volume 2, Issue 439, 25 January 1933, Page 5
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