LOAN FOR JAPAN
TO RESTORE DEVASTATED CITIES
(Rec. January 20, 5.5 p.m.) New York, January 19.
The “New York Times” learns that Japanese representatives hero have agreed upon the main features of the fifty million dollars loan with which to finance the purchase of American materials_ for the rehabilitation of the various cities devastated by the earthquake. The correspondent understands that/it was originally intended to float a loan simultaneously in New York and London, but banking circles assert that the entire offer will be sold here. It is expected the bonds will carry 5) per cent, interest coupons, maturing in forty years. These subterranean discussions serve to explain the firmness of the yen at 46J cents, representing an overnight rise of l-J cents. —Aus.N.Z. Cable Assn.
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Bibliographic details
Dominion, Volume 18, Issue 98, 21 January 1924, Page 6
Word Count
126LOAN FOR JAPAN Dominion, Volume 18, Issue 98, 21 January 1924, Page 6
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