Tokyo, July 28.
North China Development Company bonds amounting to Y.30,000,000 will be put on sale for the first time from August 14 to 16, the Industrial Bank of Japan announced today.
The Government will subscribe '¥.10,000,000 while syndicates will take 1.500000 worth of the bonds. The remaining Y.15,000,000 will be sold to the general public.
Bonds in denominations of Y.100 will be sold for ¥.99.50 and payments must be completed by August 28. The bonds will be redeemed in 12 years. They will not be redeemable for the first two years, after which Y.450,000 worth will be taken up by banks every six months.
Payment of principal and interest will be guaranteed by the Japanese Government.
Text read from the printed page and cleaned; old type leaves the occasional error.