£35,000,000 WAR LOAN
AUSTRALIAN ISSUE OPENING NEXT MONTH (9.30 a.m.) CANBERRA, May 21. The Australian Treasurer, Mr. J. B. Chifley, announced that a new war loan of. £35,000,000 would be opened on June 2. The war is costing Australia nearly £300,000,000 this financial year, only portion of which is being provided from taxation. The last liberty loan was the most successful floated by an Australian Government. He hoped the new loan would be a worthy successor. The loan would be issued at par. Short-term securities would bear interest at the rate of 2£ per cent per annum, maturing in 1947. Interest on long-term securities would be 31 per cent, maturing in 1958.
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Bibliographic details
Gisborne Herald, Volume LXIX, Issue 20770, 21 May 1942, Page 5
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112£35,000,000 WAR LOAN Gisborne Herald, Volume LXIX, Issue 20770, 21 May 1942, Page 5
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