PAYING FOR THE WAR.

Auckland Star, Volume XLVI, Issue 232, 29 September 1915, Page 5

PAYING FOR THE WAR.

AX.LIES' LOAN Df NEW TORS. THE TEEMS ARRANGED. NEW YORK, September 2*. The Anglo-French Financial rommis--ior. unci Uie hankrra .oi llio tat-Urn States liavc reached a \irluaL agreement regarding details of the proposed loan. Four members of the Commission leave Chicago to confer with the western bankers in resaid to tentative '"riii* nmi details. The amount of the loar. is Vet duun at about £100,000.000. The &ecunties ar;joint Anplo French notes <lth interest .it .") p?r rent. They will yield investors 54 per cent, tlie notes bein^ , 1.-sued filip-htly under par. At maturity of the notes the bolder will receive cash or join Anglo-French 15 or 20 rear bonds, braiing ii per rent interest.

FRANCE RAISING MOITEY. HUGE CREDITS NEEDED. PARIS, September ■!?. A Sonato ni<-muranduin shov. - ti,.ir. the to;al credits received and j-■;; ::■■._■ amount tr> The r.\p<-ndi-lure lor tin- past three months, including that on the war. was £74,500,000 montlihv It is estimnted thai tinmonthly e.\p.>nditure lor the quarter "ill !*• £83,000.000. Tlie chairman of the Finance Comfnittee announced tha.t an inirxort-ant loarj was pending. Hitherto they had mn expenditure without much illg**lty, hui a more radical solution was neceisarv.