ALLIED LOANS
AN AMERICAN PROPOSAL.
(By Electric Telegraph .—Copyright.) (Australian-N.Z. Gable Association.) Received Last Night, 8 o'clock. • WASHINGTON, March 20.
Mr D. F. Houston, Secretary of the Treasury, advocates a reduction in the rate of interest on American loans to the. Allies, from 5 per cent to 4|, and the deferment of the payment of interest for three years. He also suggests the conversion of loans into bonds, with a currency of twelve years, deferred interest, to be compounded.
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Wairarapa Age, 24 March 1920, Page 5
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79ALLIED LOANS Wairarapa Age, 24 March 1920, Page 5
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