High-interest municipal bonds! feated abroad will be exempt crom the provisions of the new tax bill.
'Bonds and debentures raised abroad total ¥.2,000,000,000, of which ¥.738.~ 000,000 is held by' Nipponese investors. Of the Jatier amount, ¥.300,- 000,600 is held in Japan and ¥342,~ (00,000 abroad.
'The unexpected stiffness of the new crested 'a condtereaon inthe amer sto water, we predicted would recut ta a" beat' al onvaabentures in general and on U.S
Dome, predicted that 'Me' @3 por prominent broker questioned by Em, Yonds Moated in New York, which have recently regained nine Points 0 '¥301, wil fall toe new no ty the dollar "and "stering bonds Huge losses were registered to-day floated abroad by the Central and Prefectural Governments, as a result of yesterday's decision of the Treasury to clamp a stiff special tax these securities as well as on the foreign debentures of private companies. G5 per cent, which on Saturday yeel United States dollar bonds, paying
quoted at ¥.30 closed to-day at $305, an llcime low. The 43 per cent, bonds, quoted last were quoted to-day at Y.300.
Sterling bonds, returning four, ave and six per cent, slumped by between Y.100 and ¥.200—Domel
Text read from the printed page and cleaned; old type leaves the occasional error.