LIBERTY BONDS.
BIG FINANCING PROJECT.
(United Press Association —Copyright) WASHINGTON, October 11.
The Treasury Department announced an important financing project today, involving the redemption of 1,875,000,000 dollars out of some six billion dollars outstanding of the fourth Liberty loan. Bonds totalling 500,000,000 will be selected by lot and will be redeemed in cash. The remainder will be substitute by a new issue of Treasury bonds of 10 to 12 years' maturity paying 4J per cent, interest for the first year and 3i thereafter.
If the quotation.of the bonds is successful the Government will save about 18,700,000 dollars annually in interest charges.
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Ashburton Guardian, Volume 54, Issue 2, 13 October 1933, Page 5
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101LIBERTY BONDS. Ashburton Guardian, Volume 54, Issue 2, 13 October 1933, Page 5
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