THE WAR LOAN.
Sir, —Tho war loan is to be issued at 4$ per cent., and .the Minister of .Fill- : ance Las said ill tlie Houso that it is not' intended to raise , another loan at a higher , rate of'interest.; But takeii'!.. ,on it may be necessary to. float another■. > loafy and perhaps the. rate of interest 1 may have to be raised to o per oeut.,,' or even more. If this should happen, then thoso. patriotic .people who had ' subscribed to' the first .loan at" 4J' per cent; wo,uld be penalisedj and tho people .V who had selfishly held on to their money, : would reap, the 'benefit .'of; the higher. • rate of interest. ; I ,believe, that this ; possibility has been guarded against in England- by, the; Government ■ undertak- ) iiig .to raiso i the/rate ( of interest of ; . each "and. every 1 loan 'to the 'same, rate .! . as that paid for subsequent loans, on ; • the ;,day of issue the early investor is protected. Will ■the Minister of Finance ;insert this provision in his Bill? —I am, etc., . c INVESTOR.
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Bibliographic details
Dominion, Volume 8, Issue 2556, 2 September 1915, Page 6
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178THE WAR LOAN. Dominion, Volume 8, Issue 2556, 2 September 1915, Page 6
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