OCR Text |
Show Australia Settling War Debts. H Whllo America's war debt and the jH redemption of tho loons to tho Allies IBJ nro occupying attention here, llttlo H attention Is given by tho United Stntes BJ populuco to tho methods being used (fl by tho other powers to return to somo H degrco of financial normalcy. This H Is especially truo as regards tho strug- ,H glo England Is making to refund the JBJ debts of her colonies, and especially flj of Australia. jfl Australia owes tho Imperial gov H eminent approximately $133,000,000 jB for financing thut colony's wnr nctlvl- jfl ties. Recently nil interesting ngrco- jH inont was ninilo by which tho A us- flj trullan gdveriiinent has arranged to (flj settle tho debt on tho basis of a 0 IH per cent annuity, with Interest on tho jH Capital sum pajablo ut rates from 3& .flj to 5 per cunt. ifl The margin between tho Interest JH pnyablo and tho 0 per cent annuity jflj will provide a sinking fund which will jflj redeem the principal debt In (crs than flj 87 years. L'tlca Qloba flj |