OFFICIAL COMMENT
RATE WANTED TO, MEET LIBERTY
BONDS.
NEW YORK, 27th January.
. Commenting on the interview Mr. Stanley Baldwin granted on his arrival ! at London, Treasury officials said that the terms, as he stated them, according to Press dispatches received here, are not exactly the nearest approach to the arrangement arrived at, although correct in some particulars. ' , It is understood that the British Commission sought interest at the rate of 2i Der cent, from the date the debtswere ■ contracted until the funding was arranged, .jand 3 per cent, thereafter. The American Commission believed that Congress would not accept such an arrangement, and pointed out that the rate they proposed would mean a 1 general average of approximately less than 4 per cent., which is the rate the United States pays holders of Liberty Bonds and other long-time loans arising/ouj; of the war, and the Treasury Department planned to use the funds derived from the British debt.to pay off these American obligations. '
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Bibliographic details
Evening Post, Volume CV, Issue 24, 29 January 1923, Page 7
Word Count
161OFFICIAL COMMENT Evening Post, Volume CV, Issue 24, 29 January 1923, Page 7
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