OYER-SUBSCRIBED.
LARGE AMERICAN LOAN, OPTIMISTIC OFFICIALS. United Press Assn.—Elec. Tel. Copyright. WASHINGTON, August 1. United States Treasury officials are pleased at the immediate over-sub-scription to-day of an 850,000,000 dollar offering of Government bonds and notes. This is the first longterm Government financing carried out for several years and the first financing of any sort since the abrogation of the gold clause in Government securities. • 1 The bonds total 500,000.000 dollars and will mature in eight years. The rate of interest is 3i per cent. The notes total 350,000,000 dollars and will be repayable in two years at 1 5 -8 per cent. Interest. Officials regard the rush of investors into Government securities as an indication that the heavy financing necessary for the President’s recovery programme will be successful in spite of the absence of the gold clause.
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Bibliographic details
Waikato Times, Volume 114, Issue 19013, 2 August 1933, Page 7
Word Count
137OYER-SUBSCRIBED. Waikato Times, Volume 114, Issue 19013, 2 August 1933, Page 7
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