AMERICAN LOANS.
A FUNDING SCHEME. By Telegraph.— —Copyright. Washington, Oct. 13. Mr. Mellon (Secretary of the Treasury) announces that ail foreign loans will be funded into long term bonds bearing 5 per cent, interest. The rate was determined on as fair as approximating the cost of Liberty bonds. The loan bonds will be turned over to a foreign country. President Harding has dropped the right co have Mr. Mellon, Secretary of the Treasury, given the whole power to fix the terms under which America’s war loans will be collected from the Allied Powers. The President intimated he will be satisfied if Congress passes a Bill creating a Commission to negotiate with the Allies.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19211017.2.40
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 17 October 1921, Page 5
Word count
Tapeke kupu
113AMERICAN LOANS. Taranaki Daily News, 17 October 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in