British Finance During And After the War 1914 21 Being the Result of Investiga
British Finance During And After the War 1914 21 Being the Result of Investiga
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The system of tendering without a minimum price was adopted, and the result was that the total applications amounted to £72, 000, 000, while the average price accepted was about £3 18s. The net Exchequer receipts were £47, 942, 345.
GOVERNMENT BORROWINGS 163 On 16th December, 1915, ^ the Treasury announced that Exchequer Bonds, carrying interest at £5 per cent, per annum and repayable at par on 1st December, 1920, would be issued daily, for an unhmited amount, in denominations of £100, £200, £5...00, £1, 000, and £5, 000. The bonds were obtainable through the Bank of England or any other bank. It was also stated that in the event of future loans (other than issues made abroad or issues of Exchequer Bonds, Treasury Bills, or similar short-dated securities), bonds of this issue would be accepted, together with all undue coupons, as the equivalent of cash for subscription to any such loan. On 10th January, 1916, similar bonds were issued in denominations of £5, £20, and £50 at Money Order offices.
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To quickly assess the difficulty of the text, read a short excerpt:
The system of tendering without a minimum price was adopted, and the result was that the total applications amounted to £72, 000, 000, while the average price accepted was about £3 18s. The net Exchequer receipts were £47, 942, 345.
GOVERNMENT BORROWINGS 163 On 16th December, 1915, ^ the Treasury announced that Exchequer Bonds, carrying interest at £5 per cent, per annum and repayable at par on 1st December, 1920, would be issued daily, for an unhmited amount, in denominations of £100, £200, £5...00, £1, 000, and £5, 000. The bonds were obtainable through the Bank of England or any other bank. It was also stated that in the event of future loans (other than issues made abroad or issues of Exchequer Bonds, Treasury Bills, or similar short-dated securities), bonds of this issue would be accepted, together with all undue coupons, as the equivalent of cash for subscription to any such loan. On 10th January, 1916, similar bonds were issued in denominations of £5, £20, and £50 at Money Order offices.
What to read after British Finance During And After the War 1914 21 Being the Result of Investiga?
You can find similar books in the "Read Also" column, or choose other free books by Adam Willis Kirkaldy to read onlineMoreLess
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