WHAT AMERICA OFFERED
NEW YORK. 27th- January.
The "New York Times's" Washington correspondent states that the Treasury department has. announced the terms of the American Debt Commission proposed to the' British..^ The .terms include retroactive interest at the rate of 4£ per cent, from the date of the obligations contracted to the date of the completion of the"rundine arrangements. The rate now being charged is 5 per cent. . The American Commission furthermore suggested interest at the rate of 3 per cent, for the first ten years after, the funding arrangements are completed, the rate being increased to 3^ per cent, thereafter, the total debt to be liquidated in sixty-two years. Amortisation provisions for the yearly payments of principal also would be established,.the amount for the first ten years being approximately £ per cent, of the entire principal.
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Bibliographic details
Evening Post, Volume CV, Issue 24, 29 January 1923, Page 7
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136WHAT AMERICA OFFERED Evening Post, Volume CV, Issue 24, 29 January 1923, Page 7
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