EXCHEQUER BONDS.
(By Cable.) LONDON", March 4. The Morning Post announces that cash subscriptions for 5f per cent. Exchequer bonds totalling £53,550,000 have been received, ..exceeding the most' sanguine estimates. This does not include subscriptions through the banks or post offices. The newspapers attribute the success mainly to the option given regarding the time of conversion. Mr Austen Chamberlain stated that the 5| per cent. Exchequer bond issue totalled £160,000,000, including £60,000,000 in . cash. The result was most satisfactory, and exceeded expectations. A total of £198,000,000 Exchequer bonds would mature in 1920. March 6. The loan to which Mr Chamberlain (Chancellor of the Exchequer) referred was floated as a result of a visit to America by the Anglo-French Mission, following a heavy fall on the American exchange, Britain and France each assuming liability for 250.000,000 dollars.
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Bibliographic details
Otago Witness, Issue 3443, 9 March 1920, Page 15
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136EXCHEQUER BONDS. Otago Witness, Issue 3443, 9 March 1920, Page 15
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