QUICKLY SNAPPED UP.
INDIA GOVERNMENT LOAN.
(Received 11 a.m.)
CALCUTTA, January 23.
The new Government of India 4 per cent loan of £11,000,000, which opened this morning, was oversubscribed in 90 minutes.
The loan issue induced a frantic rush of resulting in the banks' inability to accept cash. The whole loan wag taken up in Treasury bills. It is regarded as a triumph for India's credit and stability, which will pave the way for the operation of a big conversion issue, which is likely to amount to £36,000,000, and is expected to-night.
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Auckland Star, Volume LXIV, Issue 19, 24 January 1933, Page 7
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92QUICKLY SNAPPED UP. Auckland Star, Volume LXIV, Issue 19, 24 January 1933, Page 7
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