A BIG SAVING
INTEREST ON WAR LOAN AN AMERICAN CONVERSION. Received March 8. 8.30 p.m. WASHINGTON, March 7. The Treasury has announced the refunding of the second Liberty loan, involving 3,000,000,000 dollars’ worth of bonds. The operation constitutes one of the greatest w financial transactions in American history, and marks a further step in the Treasury’s programme fur the re-alignment of the nation’s deot growing out of the war. These bonds were floated in November, 1917, and bore 4J per cent interest. being payable in 1942, but could be called after November. 1927. at the option of the Government. The Treasury now offers the holders of these bonds the right to exchange them for the new obligations, namely notes for five years at 3$ per cent. This means an annual saving in interest of 32,000.000 dollars.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19786, 9 March 1927, Page 9
Word Count
136A BIG SAVING Wanganui Chronicle, Volume LXXXIII, Issue 19786, 9 March 1927, Page 9
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