NEW WAR LOAN.
ANNOUNCED IN BRITAIN. FOR MEDIUM-TERM INVESTORS. LONDON', December 27. The ieeue or a new British war loan to euit the needs of medium-term investors was announced to-day by the Chancellor of tlie Exchequer, Sir Kingsley Wood. Sales of new'bonds will begin on January 2, and they will be known as 3 per cent savings bonds. 1955-65. They will be redeemed at par in 1965, or at par any tim° after 1955 if the Government gives notice. Sir Kingsley went on to refer to the success of Government borronriner. He said that the system of keeping loans "on tap," which w«s favoured py the <jovernment. was also convenient lor the lender. inon""* h' the response to , the appeal 1945-47 loan hkd raUed £429.000.000 "In "ta months—r. fine achievement. since the start ELaSlooSSw rifsed! 939 "° IMS th * n
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Bibliographic details
Auckland Star, Volume LXXI, Issue 310, 31 December 1940, Page 4
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139NEW WAR LOAN. Auckland Star, Volume LXXI, Issue 310, 31 December 1940, Page 4
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