RUSSIAN LOAN. FIFTY-SIX MILLION POUNDS.
PROPOSED FLOTATION. REDEMPTION OF BONDS. By Telegraph.— Press Associations-Copyright. (Received January 15, 8.10 a m.) "* LONDON, 14th January. Of the impending Russian loan of fifty-six millions sterling, six millions will be reserved for the London market, £1,200,000 for Amsterdam, and the remainder will be floated in France. Thirty-two millions of the French allotment will bo devoted to the i%edemption of Treasury bonds issued in 1904. The loan (originally stated at £48,000,000) was sanctioned by the Budget Committee of the Duma in December. It will bear 4£ per cent. interest, and is expected to be issued at 89 or 90. It is considered unlikely that any of the money will be used for developmental work ; the balance after redemption of Treasury bonds will be applied to paying an accumulated deficit in the Empire's accounts.
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Evening Post, Volume LXXVII, Issue 12, 15 January 1909, Page 7
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138RUSSIAN LOAN. FIFTY-SIX MILLION POUNDS. Evening Post, Volume LXXVII, Issue 12, 15 January 1909, Page 7
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