New Half-Million Loan
p. 20 · Read in the full issue
To be Floated in Fiji
THE Legislative Council will soon be asked for its approval for the float ing of a £540,000 (F) loan in the Colony which will bear interest at the rate of 31 per cent.
This follows the Government’s decision to exercise its option to redeem, on November 1, 1946, the Specific Loan of 1928 which bears interest at the rate of 5 per cent, per annum. The new loan will cover this redemption.
The loan will be in the form of bearer bonds of denominations of £lOO and £5OO.