NAVAL LOAN BILL
THE FEDERAL PROPOSALS. Press Association—By TelegTaph—Copyright. MELBOURNE, December 1. (Received December 1, at 10.10 a.m.) The Naval Loan Bill has been introduced in the House of Representatives. It provides that the money be raised by means of inscribed stock at not more thaji 3£ per cent. Power is reserved to raise any part of the money by 3£ per cent. Treasury b</nds, -which may be exchanged for the inscribed stock or redeemed out of money raised, by the issue of stock. The inscribed stock is made redeemable by tbe provision that is made for a sinking" fund of 4 per cent., to start July. 1912. 'IV moneys raised are to be appropriated for (he initial cost of the fleet unit.
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https://paperspast.natlib.govt.nz/newspapers/ESD19091201.2.74
Bibliographic details
Evening Star, Issue 14229, 1 December 1909, Page 8
Word Count
123NAVAL LOAN BILL Evening Star, Issue 14229, 1 December 1909, Page 8
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