London, Oct. 28.
In the House of Commons to-day Mr. Austen Chamberlain (Chancellor of the Exchequer) stated that the subscriptions to the first issue of Treasury bonds were disappointing in respect of the large vester, but, seeing that the subscriptions from smaller investors were unexpectedly large and steady, he had decided to make the second issue of Treasury Bonds on November 1, under the same conditions as the first. In order to induce holders of £25,000,000 in Exchequer Bonds which mature at the end of 1920 to reinvest, they would, he added, be permitted to use the expired bonds, ex dividend, for cash subscriptions to the new bonds.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.