| Show BIG lOAN BOARD I I WILL ANNOUNCE PLANS TODAY Participation to Be Given All Classes Including Investors and Dealers NEW YORK Sept 30 The Tho Tho committee com com- I in charge of the Anglo t French Anglo rench bonds has cleared away awaya I a n. number of details concerning the method of marketing the issue and expect to announce tho the entire program program pro pro- gram late toda today Chief of the details already settled settled settled set set- are arc that the life of the underwriting underwriting underwriting under under- writing syndicate syndicate- Is to be days daB the sums subscribed by banks s will willbo willbo bo left on deposit with the st subscribers I I e ers until n needed and then withdrawn proportionately and tho the profit profit- of tho the syn syndicate members will u be 1 14 percent percent per percent cent the r remaining one one-i one fourth u th of ot 1 per cent being used for lor expenses The syndicate members member may par participate without re restriction as aa to the amount of their subscriptions Undecided details concerned chiefly tho the date of the offering and the terms to Instalment Investors Lord Reading chairman of ot the French Anglo-French commission Basil Blackett secretary Sir Edward Holden and Ernest Mallet returned here today from Chicago They made mado madeno no Announcement as to their plans Lord Ren Reading is la to deliver an nn address tonight at the tho banquet of oC tho the Pil PH- grims' grims society Points Agreed Upon A memorandum containing nine ninepoints ninepoints ninepoints points agreed upon by the commission In charge of the sale of the bonds was ivas made public today by J J. J P. P Morgan R Co Following are the thc chief features on which an agreement has been reached The syndicate is to have a life of oC sixty days das Syndicate members member will purchase at 98 98 the tho to tho the In Investor In- In vestor and vestor-and and at tho the expiration of tho sixty days das wilt wll be bo refunded 1 per cent Tho difference between the price to the Investor stor and the price to tho the syndicate is III 2 per cent The remaining one-fourth one of 1 per cent will be used to cover expenses Participation is 18 to be given to all aU clauses classes of In Institutions investors and d dealers alera without restriction The Tho syndicate syndicate syndicate syn syn- will have the right to repurchase chase up to 10 per cent of the total underwriting ting Rate Rato to Bo Be Two Per Cent Every Incorporated hank bank participating participating patins is to simply transfer the tho amount of its subscriptions on its books tho the money remaining In the b bank to the account of ot tho syndicate until such times as it will be needed It Is understood that when withdrawals withdrawals with with- of this money are made they will be prorated prorate among amons the various With With-I banks b so 80 that in no no case ft will ill JU the tho to total 11 I amount be withdrawn at once I I Tho banks will pay Interest on this m money ncy at the usual rate of or 2 per cent centa a year car carThe The memorandum recites that the points agreed on embody tho the labors of the committee up to 9 o'clock last night Other conditions were yet el to tobe tobe be be- decided when this memorandum was issued |
