LOAN CONVERSIONS
FRANCE GAINING- OVER 11 MILLIONS A YEAR. <Aus. & N.Z. Cablt. Assn). PARIS. September 17. .After an all night sitting, the French Chamber of Dcpr.tie s passed the Loan Conversion Bill by 540 votes to 48. The Bill goes to the Senate on to-day and it is exp-.cted to be adopted. If so, it will eonip into operation on Mon. day. If provides for new 44 per cent, rentes, to be redeemable within seventy five years at the most, and not to b’O convertible before January Ist, 1939. The estimated saving is £11,400,000 yearly. LATER. The Senate passed the Loan Conw'rsin.> B'l! by 291 vot’?R to 9.
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Bibliographic details
Grey River Argus, 19 September 1932, Page 3
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108LOAN CONVERSIONS Grey River Argus, 19 September 1932, Page 3
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