HUGE GERMAN LOAN.
LOTTERY TO RAISE £250,000,000.
By Telacraph.—Presa Assn.—Copyright Received Oct. 26, 6.5 p.m. i London, October 24. j. The Daily Chronicle's Berlin corns' ■ pondent states that the Berlin Government is organising a monster lottery, whereby it will create ten millionaires annually during the next eighty year* in order to raise £250,000,000. Five per cent interest will be paid when the certificates are drawn for repayment. Nineteen thousand prizes will be given annually, aggregating fifty million marks of which ten are of t million marks each, during the eighty ' years' currency of the loan. JTin# thousand eigfit hundred and seventy-five million marks will be distributed ag prizes. Tho deferred payment of interest is intended to encourage thrift, while subscriptions are repayable on demand with interest after twenty years, giving it the character of insurance.— 1 Aus.-N.Z. Cable Assn. * .
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Bibliographic details
Taranaki Daily News, 27 October 1919, Page 4
Word Count
139HUGE GERMAN LOAN. Taranaki Daily News, 27 October 1919, Page 4
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