Eastern exchange, currency and finance . 0 (£20,313,500) ; 2nd issue—Yen 213,506,000(£21,350,600). 5 per cent. Sterling Loan of 1907. For the purpose of consohdating and redeeming the 6 per cent. Sterhng Loans of £22,000,000 issued in 1904,the Government raised in March, 1907, a 5 per cent. Loanof £23,000,000 in London and Paris, in accordance with theprovisions of Law No. 1 of 1904, Law No. 12 of 1905) andImperial Ordinance No. 23 of 1907. Its issue-price was£99 10s. per £100 face-value, and the principal is to beleft unpaid until the 11th March, 1922, and thereafter tobe redeemed at convenie
Eastern exchange, currency and finance . 0 (£20,313,500) ; 2nd issue—Yen 213,506,000(£21,350,600). 5 per cent. Sterling Loan of 1907. For the purpose of consohdating and redeeming the 6 per cent. Sterhng Loans of £22,000,000 issued in 1904,the Government raised in March, 1907, a 5 per cent. Loanof £23,000,000 in London and Paris, in accordance with theprovisions of Law No. 1 of 1904, Law No. 12 of 1905) andImperial Ordinance No. 23 of 1907. Its issue-price was£99 10s. per £100 face-value, and the principal is to beleft unpaid until the 11th March, 1922, and thereafter tobe redeemed at convenience by means of drawings by the12th March, 1947. The proceeds of this loan were appHed to the redemptionof the 6 per cent. Sterhng Loans of £22,000,000. Outstanding on 31st March, 1919: Yen 224,543,500 at2s. per yen (say £22,454,350). s r ^ o 3 >! >! §• II s t-t II IT> O Pm* H 3 ® s 1 M*rt o sII II 2 II II to M C/1 00 to 33U O to•>] to : 5 is. OOO ^1 O en a a •^ en o er 0 a Pen CO i 5 t9 ow o s s; C5 > I. en *. » a> o uto S ^^« p. o s to > 2 en enen O si MA d ™ 00 a. P ?^ * a i S f ? do o a en 9 a er> u o to CO u en ift. en V] to ft 5 JS ^1 •J en I? I 00enc* r o B to»1 K> FINANCING japans FOREIGN TRADE, ETC. 195 4 per cent. Loan (issued in Paris). The 4 per cent. Loan was issued in Paris with the sameobject as the 4 per cent, loan issued at home; a portion ofits proceeds was appropriated for use as fund for theredemption of domestic loan bonds which were exportedabroad, and another portion for use as fund for theredemption of the 5 per cent, loan bonds in circulation athome. The amount of issue was 450,000,000 francs; therate of interest 4 per cent., payable on the 15th May andNovember every year; the issue-price was 95 francs50 centimes; and the loan to remain unredeemed for tenyears, after which it is to be redeemed within fifty years. Outstanding on 31st March, 1919 : Yen 174,143,000 at2s. per yen (say, £17,414,300). 4 per
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectc, booksubjectfinance
