AMERICAN LOANS
HUGE PROGRAMME INTERNAL BORROWING MOUNTING PUBLIC DEBT FINANCING WAR BONUS By Telegraph—Press Association—Copyright (Received Juno 1, 7,15 p.m.) WASHINGTON, May 31 The United States Treasury to-day announced a huge financing programme, partly to meet cash needs, particularly the payment of the war veterans' bonus, and partly to refinance .maturing obligations. A total of 2,050,000,000 dollars' worth of securities will be offered to the public at unprccedentedly low rates of interest. With the subscription of tho offering the public debt will reach the new high level "of 32,750,000,000 dollars. For 1,000,000,000 dollars in cash required, 600,000,000 15 to 18 years' bonds at 2J per cent will bo offered, and 400,000,000 five-year Treasury notes bearing 12 per cent interest. For 1,050,000,000 dollars' worth of securities maturing on Juno 15 and August 1, new issues at approximately tho sarno rates of interest will bo offered.
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Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22434, 2 June 1936, Page 9
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144AMERICAN LOANS New Zealand Herald, Volume LXXIII, Issue 22434, 2 June 1936, Page 9
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