The Archive · 1931

LITTLE REPONSE TO INDIAN LOAN

London, May 22. to the ten million sterling x per The public has not responded well

cent, India loan for which underwriting began on May 19 in London at_par.

The underwriters have been left with 65 per cent. of the loan.

Dealings started at half of one cent. discount and now the gare is three-eighths.

When the loan was offered to 1 pablic surprise was expressed financial circles, The issue of this ten million sterling lean will bring the total of money lent to India since January 1 last to £22,000,000.

Text read from the printed page and cleaned; old type leaves the occasional error.

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