INTEREST AT 4 PER CENT.
INDIA LOAN OF £11.000,900 OVERSUBSCRIBED IN 90 MINUTES CALCUTTA. January 23. The new Government of India four per-cent, loan of £11.000,000 which opened this morning, was oversubscribed in 90 minutes. The issue.induced a frantic rush of investors, resulting in the banks being unable to accept cash. The whole loan was taken up in Treasury bills. It is regarded as a triumph for India's credit and stability, which should pave the way for the operation of the big conversion issue likely to amount to £36,000,000. which is expected to-night.
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Waipukurau Press, Volume XXVIII, Issue 28, 25 January 1933, Page 3
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93INTEREST AT 4 PER CENT. Waipukurau Press, Volume XXVIII, Issue 28, 25 January 1933, Page 3
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