UNITED STATES FINANCING
INDUCEMENTS TO BOND-HOLDERS. ANNOUNCEMENT BY TREASURY. By Telegraph—Press Assn. —Copyright. Rec. 5.5 p.m. Washington, Sept. 9. Because of the unsettled condition of Government securities on the market the Treasury announced that October financing, through which almost £360,000,000 worth of outstanding securities must be redeemed, will be entirely exchanges, with no cash subscriptions offered. The Treasury is offering holders £250,000,000 Fourth Liberty Loans at 414 per cent, interest, with the option of accepting four year notes at 2Vz per cent, or ten year bonds bearing 314 per cent. As an inducement to make the exchange Liberty bond-holders are offered interest on the new securities beginning on September 15, although Liberty loans are not callable until October 15. Two year notes of per cent, will be offered in exchange of £105,000,000 other Government issues due.
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Taranaki Daily News, 11 September 1934, Page 7
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136UNITED STATES FINANCING Taranaki Daily News, 11 September 1934, Page 7
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