INDIA’S CREDIT
FAVOURABLE LOAN RAISING TERMS. United Press Association—By Electric Telegraph—Copyright (Received April 25, 5.5 p.m.) CALCUTTA, April 24. A new Government of India loan is announced at 35 per cent., the issue being from 1947 to 1950. The loan will be in two departments, one cash and the other conversion, each of fifteen crores. The rate of interest at 35 per cent., indicates that Indian credit stands high, in striking contrast to September, 1931, when treasury bonds stood at 65 per cent.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19474, 26 April 1933, Page 9
Word Count
83INDIA’S CREDIT Timaru Herald, Volume CXXXVII, Issue 19474, 26 April 1933, Page 9
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