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Bog, hæftet Stead's Review of Reviews: July-August, 1915 (Classic Reprint) af Henry Stead

Stead's Review of Reviews: July-August, 1915 (Classic Reprint)

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Excerpt from Stead's Review of Reviews: July-August, 1915

There is one feature in which the British war loan differs materially from the German. Holders of stock in cer tain specified securities are permitted to convert them into stocks in the new loan. That is to say, a larg... Læs mere

Excerpt from Stead's Review of Reviews: July-August, 1915

There is one feature in which the British war loan differs materially from the Germ... Læs mere

Produktdetaljer:

Sprog:
Engelsk
ISBN-13:
9781333928155
Sideantal:
106
Udgivet:
01-10-2016
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Excerpt from Stead's Review of Reviews: July-August, 1915

There is one feature in which the British war loan differs materially from the German. Holders of stock in cer tain specified securities are permitted to convert them into stocks in the new loan. That is to say, a large portion of the total amount raised will not be in cash at all, will merely be a transfer ence of the Government's liability from one account to another. It is, therefore, obviously to some extent a conversion loan, and whilst subscriptions to itfim'ay reach the splendid total of it is quite possible that a quarter of it, or even more, may be represented by converted stocks, and that only £50 0r will be realised in actual cash which can be used to liquidate the expenses of the war. The war loan is to carry 4% per cent, and is being issue-d at par. It will be repaid at par on December I, 1945, or at any time on or after December 31, 1925. No limit is placed on the amount to be subscribed. The stock will be negotiable, and without fee. Holders of certain recognised securities can con vert them into stock in the new loan on very advantageous terms, but only if they have already subscribed for an amount in the present war loan equal to the value of the stock they wish to con vert.

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