LOAN WITHOUT INTEREST
Australian Issue Announced (United Press Assn.—Telegraph Copyright) (Received May 28, 10.35 p.m.) CANBERA, May 28. Following the meeting of the Loan Council today, the Federal Treasurer (Mr P. C. Spender) announced the issuing of an interest-free loan of £5,000,000. Subscriptions would be invited from people who desired to assist in the war effort to the extent of forgoing the interest normally received from war bonds. :Mr Spender also announced a £20,000,000 war loan, the terms of
which are a short-term subscription with a currency of five years at 2f per cent. The longer term subscription of 10 to 16 years will carry interest at 3| per cent. The loan will be issued at par and be subject to full Federal tax.
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https://paperspast.natlib.govt.nz/newspapers/ST19400529.2.61
Bibliographic details
Southland Times, Issue 24138, 29 May 1940, Page 8
Word Count
124LOAN WITHOUT INTEREST Southland Times, Issue 24138, 29 May 1940, Page 8
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