INDIAN DEBT IN BRITAIN
SUBSTANTIAL REDUCTION. LARGE REPAYMENTS. British Official Wireless Service. Rugby, June 14. The Secretary of India will repay tomorrow, June 15, the earliest possible redemption date, the outstanding balance, £3,604,000, of the India 6 per cent, bonds 1932-33 issued in February 1930. The total amount of the issue was £6,000,000, which was reduced to the above figure by independent operations. Th outstanding balance, £11,213,428. of the India 5J per cent loan of 1932, of which the original amount was £22,500,000, was repaid last January. The recent issue of India sterling stock was for £10,000,000 nominal. After allowing for this operation the effect of the repayment of these two loans is to reduce by a very large amount the outstanding total of tho Indian debt in Britain.
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Hawke's Bay Tribune, Volume XXII, Issue 155, 16 June 1932, Page 8
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129INDIAN DEBT IN BRITAIN Hawke's Bay Tribune, Volume XXII, Issue 155, 16 June 1932, Page 8
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