FRENCH FINANCE.
A NEW BOND ISSUE
BY CABLE—PRESS ASSOCIATION COPYRIGHT
PARIS. Ju’y 4. The conditions regarding the new 4 per cent, perpetual bonds lor holders of national defence bonds, recently announced by M. Caillaux (Minister for Finance), provide that the half-year .v interest will be at the rate of 4 per cent, annually if the exchange remains between Bo and 95 francs to £l. •** the exchange is above 95 semi-yearly interest wil 1 he calculated at 4.50 per cent, annually of the average ruling exchange, determinable half -yeaily. Thus of the exchange wi’J mean a larger interest payment, while an improving one will mean augmented value of the standing coupon, 1
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Hawera Star, Volume XLV, 6 July 1925, Page 5
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111FRENCH FINANCE. Hawera Star, Volume XLV, 6 July 1925, Page 5
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