CANADIAN WAR LOAN
Heavy Oversubscription Expected United Press Association —By Electric Telegraph —Copyright OTTAWA, January 11. The Minister of Finance (Mr J. L. Ralston) announced that the first domestic Canadian war loan would be offered on Monday, and would total 200.000,000 dollars. It would comprise 3} per cent, bonds dated February 1, 1940, to be sold at par. The bonds would mature in 1952, through a system of annual drawings by lot. They would be called in in five equal sections beginning on February 1. 1948. Financial circles generally anticipate that the loan will be heavily oversubscribed. In addition Mr Ralston, at his discretion, may convert the Dominion of Canada 3 per cent, bond issue of 115.000.000 dollars maturing on March 1. 1940. into equal value of the new issue.
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Bibliographic details
Timaru Herald, Volume CXLVIII, Issue 21553, 16 January 1940, Page 5
Word Count
130CANADIAN WAR LOAN Timaru Herald, Volume CXLVIII, Issue 21553, 16 January 1940, Page 5
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