Can Repay Loan Without Difficulty.
GOLD HOARDS DISCLOSED. United Press Assn.—By Electric Telegraph—Copyright. (Received January 16, 11 a.m.) DELHI, January 15. The Government of India announces that it is able to repay its 5i per cent loan of £15,000,000, which is due to-day, without borrowing from London or drawing on other resources. This news is hailed by the Press as an event which will restore the confidence of investors in Indian securities. The high price of gold, leading to the efflux of £25,000,000 worth of the metal, mostly from secret hoards in India, has greatly strengthened the Government’s hands financially.
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Star (Christchurch), Volume XLIV, Issue 323, 16 January 1932, Page 1
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100Can Repay Loan Without Difficulty. Star (Christchurch), Volume XLIV, Issue 323, 16 January 1932, Page 1
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