ARGENTINE FINANCE
NEW STERLING BONDS CONDITIONS APPROVED V . (British Official Wireless.) I tec. 10 a.m. RUGBY, Sept. 29. Under Article IV of the AngloArgentine convention of May ], the Argentine Government undertook to issue 4 per cent .sterling bonds repayable within 20 years in exchange for peso balances awaiting remittance front the Argentine on May 1. The rate of conversion and other conditions of the bonds were to be agreed between the Argentine Government and a committee representative of the holders of the balances concerned. An agreement . was signed to-day by the Argentine Ambassador, Dr. Malbrau, and Mr. Follett Holt, chairman of the committee referred to. The principal remaining conditions regarding the bonds arc that the rate of conversion should be that one gold peso equals 43d; that the bonds be amortised by drawings at par commencing five years after the issue; that the stamp duty on bonds be paid by the bondholders; and that the period during which the holder,;- of peso balances shall exercise their option to take up the bonds shall be eight days from the date on which the Argentine Government’s offer is published .simultaneously in Buenos Aires and London. It is expected that such publication will take place shortly.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18207, 30 September 1933, Page 5
Word Count
203ARGENTINE FINANCE Poverty Bay Herald, Volume LX, Issue 18207, 30 September 1933, Page 5
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