NEW BOND ISSUE
AMERICAN FINANCES CONVERSION project (Elec. Tel. Copyright—United Press Assn.) i WASHINGTON, Dee. 7. The Treasury Department to-day put. ‘to the test rumors that the issue of fiat irionoy or other currency inflation would be employed in meeting maturities toy £145,400,000 worth of Government securities due on December 15. The department would meet' tho obligations through offering £190,000,000 worth of one-year certificates of indebtedness carrying pec cent, interest, which is the highest interest the Government has paid since 1931, except during the March hanking crisis. It is said at the Treasury that the deposits of gold under the purchase plan, and a survey of the credit situation, showed that the certificates would be attractive to purchasers. Heavy over-sub-scription is expected.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18266, 8 December 1933, Page 2
Word Count
122NEW BOND ISSUE Poverty Bay Herald, Volume LX, Issue 18266, 8 December 1933, Page 2
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