OUR DEBT TO AMERICA.

Taranaki Daily News, 22 October 1919, Page 5

OUR DEBT TO AMERICA.

,'. ANOTHER LARGE LOAN. TO RAISE OVER £50,000,000. By Telegraph.—Press Assn.—Copyright. Received Oct. 21, 7.50 p.m. New York, October 20. Messrs J. P. Morgan and Company announced that they aie about to float in the United States, on behalf of Great Britain 250,000,000 dollars (roughly £50,000,000) at 5% per cent., bond issue. The bonds will be of two classes, namely for three and ten years. Part of the proceeds Will be used to pay off, approximately, 135,000,000 dollars (roughly £27,000,000) of the 5% per cent United Kingdom Notes that are maturing on November Ist, and the remainder will be available for Govurnment requirements. United States, or British merchants, who may be able to do so, can buy at a dollar exchange, ex-Government bonds that will yield an attractive return in dollars, and with the privilege of conversion into sterling honds.—Aus.-N.Z. Cable Assn. Received Oct. 21, 9.25 p.m. New York, October 20. It U understoßd that an international syndicate of British, American and probably French bankers, will extend the 50,000,000 dollar loan to the All Russian Government at Omsk, which will be required to deposit collateral security.— AUB.-N.Z. Cable A«sn.