MOTOR SHIPS
A BUILDING PROGRAMME. THE FINANCIAL ARRANGEMENTS. Pros* Association —By Telegraph—Copyri/at LONDON, February 20. The Bank of England will invite applications for £18,0u0,000 5 per cent, debenture stock, to be issued at £9B 10s per cent, in respect of which the Government will guarantee principal and interest under the Trade Docilities Act. The proceeds of the loan are required to pay for a fleet of motor ships, • to cost the above amount, these having been ordered from Messrs Harland and Wolff’s shipyards.— Reuter.
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Bibliographic details
Otago Daily Times, Issue 19102, 22 February 1924, Page 7
Word Count
84MOTOR SHIPS Otago Daily Times, Issue 19102, 22 February 1924, Page 7
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