London, June 11.
After discussions spread over many weeks and lasting until. the early hours to-day, an International Conference of Bankers in Paris has reached an agreement regarding the first international loan to be issued under the Young Plan for the payment of German Reparations.
The amount of the loan is £60,-
000,000, of which the British chare is £12,600,000, The' prospectus of this issue is available to-day. Tt states that the Bank of England is authorized to receive applications for five and a halt per cent. sterling bonds to bearer at an issue price of £90 per }£100 nominal. The loan will be re-
Hdcemed by means of a cumulative sinking fund calculated to redeem whole loan by Jane 1, 1960 by purchases at or below par or by Jirawings at par.
The price of issue will be 90 in it thad there the bonds are to be t free.—Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.