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Show i1 U. S. ANNOUNCES NEW BOND ISSUE HI i ffly FIRST GOVERNMENT OFFERING M SINCE WAR II) $500,000,000 OF Hi TREASURY 8ECURITIE8 Wr Hjk Mucn Money Is Needed to Meet Out. ItWtP standing Bonds and Other Securl uHp t,e 8a'0 Secretary of the wlR Treasury Melton W IL Washington. The first government 1 IE bond Inane alnco tho war was an. 1 I, Bounced Sunday by the t jasury. I ; . Socrotary Mellon offorod for mib- I f scrlptlon an Issuo of alout $500,000,000 I of 4Vt por cont thlrty.yoar treasury ! bonds no part of a program for ro- i, f W funding short term debt. . , j i Tho now Issuo will bo dated Octobor m f 'C 1022, bearing Intorost at 4 por m CCBt annually payablo April IB and ,5 I October 15, on a semiannual basis, .tf, . Tho bonds will roaturo Octobor IB, IS ; 1052' DUt may rodoemed nt the ll , opUon of tho Unltod States aftor Oc II' tobor 15, 1047. I I ' Tho Inst provlous bond Issuo offorod I I ! tho treasury was tho fourth Liber- I f ty ,oan Octobor, 1018. It carried I j interest at 4 por cent, to mature In S twenty yonrs, and nmountcd to near. I H 1 $7,000,000,000. Boaror bonds of the I fli I H0W hjsuo with Interest coupons at- I i - tachod will bo Issued In donnmlnn. 91 j tlons of 100, $500, $1000, $,1000 and Be I 10,000, whllo bonds roglstorrd no to M , principal and Interest will 1)0 Issued M I In denominations or $100, $300, $1000, f SI ; "000, $10,000, $30,000 nnd $100,000 i II , AH will carry tho usual tax oxemptlon I j provisions. Socrotary Mollon resorvps 81 ' the right to nllot additional bonds ffl , , auovo tho f.r00,000,000 amount flxod M ' for subscriptions to the extent thnt H -' "? Pr cent Victory notes or troas- BJ ' "ry certificates of tho series maturing Dorombor 15, 1022, are tendered In JS payment. Apnllcants for now bonds not Bj exceed'n' $10,000 from any ono sub. I m ' scrlbor will be allotod In full, but np. H plications for amounts in excess of I flli S1O.00O will bo rnrnlvnrl nl.!npt d, i Allotment. If In a lottor to banking Institutions, ' SI Mr. Mellon naked continued codpera- J Ig tlon for the distribution of tho now In -j Itonds nmnng Investors, doclarlng the . ml j tlmo hnd como for n longor-torm op. ly j oration In the refunding of the short- ul dated debt, whleh horotoforo hns boon j I accomplished, "without Tllsturtianro tn j j the mnrkct for outstanding socur. 1 tics," on a relatively short torm basis. 1 Discussing what has already boon , nccompllshod In tho refunding of tho Itdiort-dntcd debt, Mr. Mollon rccnlled ; that on April SO, 1021, whon the ro. ' funding progrnm was annnuncod, the gross public dobt amountod to $21.-000,000.000 $21.-000,000.000 of which over $700.000.. j 000 was maturing within two years. J whllo on Soptombcr 30, 1022, the to. tal dobt was $22,800,000,0001. and about $1,000,000,000 of tho early ma-turin- dobt hnd boon retired or ro-funded. ro-funded. Tills fiscal year, ho stated .tlioro 1 V) will fall duo about J. 800.000,000 or ill j Victory Botes, $025,000,000 of war snv. JB I incs certificates nnd about $1,100,000,. 000 of troaaury cortlflcatoa, of which 'Hj ! $48,000,000 represent PIttman act cor. ijll J tltlratcs which will ho rotlred this ill nk year through the rocolnngo of sllvor $m Jl bullion, while about $100,000,000 of ' 1 if Innn certificates maturing October j j jl 10, 1022. will be paid out of funds al ! 'ijfl ready la hand. j JJ 1! Itetlrcmeat of those mature cortttt. cr.tcs, be added, will leavo only tax 1 9 j cortlflcatoa outstanding, nnd with tax 98 Jl' paymeats as Inrgo as thoy aro It Is H lit consldorod doslrablo for tho treasury ll W t0 lmve outAtandlng at least $1,000,. If Vk 000,000 of tax ciTtltlcntes, which cor. Sj I rospondlngly reduces tho amount' no. II V cessary refunding Into other securttlca. |