Show CANAL BONDS OFFERED Interest Is 2 Per Cent and Issue Will be Payable In 30 Years 1 Washington Secretary Shaw on Monday offered the public 30000000 bonds of the Panama canal loan authorized by the recent act of congress con-gress The bonds will bear Interest at the rate of 2 per cent will be dated August 1 19iG and Interest will be payable quarterly They will be redeemable re-deemable at the pleasure of the gOT ernment at the end of ten years and will he payable thirty years from date The bonds will be exempt from taxes or duties of the United States and will be available to national banks as security for circulation The bonds will not bo sold for less than par All citizens will have equal opportunity op-portunity to subscribe for them and the bids must be submitted to the department de-partment on or before July 20 190C H |