LOAN REDEMPTION
(Press Assn.—
american treasury propose to launch bond transition SAVING IN INTEREST
-By Telegraph — Copyright) .
(Rec. 8.5 p.m.) Washington, Oct. 11Th.e Treasury Department announces an important financial project today, involving the redemption on April 15, 1934 of 1,875,000,000 dqllars out of some six billion dollars outstanding of the loan bonds. . A sum of 500,000,000 dollars, selected by lot, will be redeemed in cash and the remainder substituted by a new issue of treasury bonds of from 10 to 12 years maturity, paying 42; per cent mterest in the first year and 3S4 per cent thereafter. If the flotation of the bonds is successful, the Government will save about 18,700,000 dollars m annual interest charges.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19331013.2.42
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Rotorua Morning Post, Volume 3, Issue 661, 13 October 1933, Page 5
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116LOAN REDEMPTION Rotorua Morning Post, Volume 3, Issue 661, 13 October 1933, Page 5
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