THREE PER CENT.

Grey River Argus, 2 May 1932, Page 5

THREE PER CENT.

NEW BRITISH BONDS Cut in Interest (Aub. & N.Z. Cable Assn). LONDON, April 30. The British Treasury announces that it is making an unlimited issue of three per cent. Treasury bonds. They will be disposed of by tenders of ten thousand pounds worth, or multiples of that amount. The minimum price is £97 15s. The bonds will be redeemable at par by annual drawings. Their maximum life is to be ten years. British Note Issue £275,000,000 REMAINS FIDUCIARY. (British Official Wireless.) RUGBY, April 29. On the application of the Bank of England, a Treasury minute has been signed maintaining the amount of the fiduciary issue at the existing figure, of £275,000,000, for a further period until the 30th June. The Treasury, in the exercise of the option reserved in the prospectus of issue, will give notice in to-night’s Gazette that the 4 per cent. Treasury bonds 1931-1933 will be repaid at par on 15th August next, with four months’ interest to that date. The interest on the bonds will then cease.