RAILWAY EFFICIENCY
DEVELOPMENTS IN BRITAIN DEBENTURE STOCK ISSUE (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, January JO. The Railway Finance Corporation Ltd. lias published a prospectus announcing the issue of £27,000,000 of 2i per cent, guaranteed debenture stock, redeemable in 1951-2. The issue price is £97 per cent. The object of the loan, which is guaranteed by the Government, is to provide the four main line railways with capital for the development of and modernising the services on cheaper terms than they could borrow directly from the public, the purpose being to increase trade and employment and improve the efficiency of the railways. The terms are the same as were fixed for the Government guaranteed loan of £32,000,000 issued last summer for the London Transport Board.
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Evening Star, Issue 22252, 1 February 1936, Page 14
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126RAILWAY EFFICIENCY Evening Star, Issue 22252, 1 February 1936, Page 14
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