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Show New Japanese Loan Is Finally Concluded Amount Is One Hundred and Fifty Million; Date of Issue Not Yet Decided. LONDON, March 24. The final details de-tails of the Japanese loan were concluded con-cluded here today with the exception of the exact date of issue. This has not yet been decided, but it will not bo delayed. de-layed. The amount Is $150,000,000, with Interest at 4 per cent. Tho price of the issue Is 90 and the security will be the net receipts of the tobacco monopoly of Japan, amounting to 5G,000,000, according ac-cording to the budget for the next fiscal year. The loan will be Issued simultaneously simultane-ously in New York and London, each of these cities taking $75,000,000. Americans Participate. The American Issuing banks are Ivuhn, Locb & Co. and others participating partici-pating ln the previous loan, while tho British half of the loan Is handled by the group of banks which was responsible respon-sible for the earlier flotations. The loan Is redeemable after five years. Some subscription Is expected in Holland and Switzerland. It Is said here that, although German banks expressed every offort to secure participation In the loan, they have been rigorously excluded, as Japan found no difficulty In securing the amount ln New York and London. Will Suffice for Year. Koretlyo Takashl, special vfapnnese financial commissioners. Informed the Associated Press today that thr $150 -000.000 would sufilce for Japan's requirements re-quirements for a year or a year and a half, at the expiration of which time. In his opinion, the war would be over. Three New York banks are concerned Kuhn, Loeb & Co., the National City-bank, City-bank, and the,. National Bank of Commerce. Com-merce. M. Takashl was of the opinion that despite the hitch in the negotiations. Russia would very shortly obtain another an-other loan In Franco. The Japanese loan Is expected' to be Issued next week. |