FINANCE OF “NEW DEAL”
LARGE MOVE COMPLETED HUGE LOAN CONVERSION ANNUAL INTEREST SAVING NEW SECURITIES' TAKEN By Telegraph—Press Assn—Copyright. Rec. 11 p.m. Washington, Oct. 12. The United States Government to-day completed the largest refinancing move of the “New Deal,” when last-minute offerings brought the amount of Liberty 4Vi per cent, bonds presented for next securities to approximately £500,000,000. An annual interest saving of £2,800,000 is effected by the operation, bringing the total interest reduction on outstanding securities to £64,000,000 in the last 12 months. Treasury officials expressed gratification but withheld comment on. whether an additional amount would be called on October 15.
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Taranaki Daily News, 13 October 1934, Page 7
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102FINANCE OF “NEW DEAL” Taranaki Daily News, 13 October 1934, Page 7
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