LOAN FOR GERMANY.
UNITED STATES PORTION. BY CABLE—PRESS ASSOCIATION —COPYRIGHT. Received Oct. 13. 9 25 a..m NEW YORK, Oct. 12. One hundred and ten million seven per cent. 25 year bonds, the United States portion of the German loan, will be offered to the public on Tuesday by a syndicate headed by the Morgan Company and Kuhn Loeb. The bonds will be dated October 15, and will be offered at 92 and interest. FINALLY ARRANGED. LONDON, Oct. 11. It is learned from an official source that Germany’s 800,000,000 gold mark loan under the Dawes scheme, which was finally arranged yesterday, will comprise the American portion of 110,000,000 dollars, and the European portion of £26,500,000. The loan will be issued in all participating countries next week at 92, and will bear 7 per cent interest. Morgan’s group has taken the American portion, and the Bank of England covers the greater part of the European portion, in which France, Belgium, Italy, Switzerland, Holland, Sweden and Germany participate. The loan is repayable in 25 years, the European portion at par and the American at 105. The loan takes precedence over all reparation payments. PARIS, Oct. 11. The Reparations Commission has approved the conditions of the German loan.
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Hawera Star, Volume XLVIII, 13 October 1924, Page 5
Word Count
204LOAN FOR GERMANY. Hawera Star, Volume XLVIII, 13 October 1924, Page 5
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