AUSTRALIA’S DEBTS.
MANY MILLIONS MATURING. By Cable—Press Association —Copyright. Australian and N.Z. Cable Association. MELBOURNE, July 22. Dr. Earle Page announced the terms for the conversion of the 4J per cent, war loans, which fall duo in December. The rate of interest is to he 51- per cent. The loans will be issued at pai for a period of G ; 11, or 16 yeans at the subscriber’s option. New money will be accepted. The Treasurer is sanguine that most of the present holders will ecu vert their stock or bonds into a new loan. The total amount of the maturing loan to bo covered is £67,060,000.
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Bibliographic details
Timaru Herald, Volume XCVIII, 23 July 1925, Page 7
Word Count
106AUSTRALIA’S DEBTS. Timaru Herald, Volume XCVIII, 23 July 1925, Page 7
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