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Show I VICTORY LOAN NOTES NOT TO BE 5PER CENT WASHINGTON. April 7. The five per cent interest rate borne by the war finance corporation's new on-? vear bonds, approved b ihe treasury, is not 1o he taken as ID index of th rate on victory libortv loan not.?.. II wag stated authorita'ively today. The treasury believes, It wa plained, that securities whh h an direct obligations of the go . nun. v, must bear from one half to three Qua ters per cent higher inter, ernnient notes or bonds and COH sequently there ran be slight rel ship between the rates of ; h. finance corporation bonds and of the victory notes. Suggestions thai the victory Issue should bear nt least five per cent are reaching the treasury persistently from banking and othr rommo-leresl.s. rommo-leresl.s. but apparently the proposals are not looked on favorably Rati Of 4Vi, or even 4U a carried by the part two issues of bonds, have been discussed dis-cussed by treasury officials much more than the higher rate Secretary Mass ia known to believe that fie per cent la entirely too high for government gov-ernment notes partial! tax exempt The rate and other terms of the loan will be determined within 'he nrt week or ten davs and announced only a few das before April 21 when the selling campaign opens. Printing of the mtes has been started by the bureau of cngrav ins and thousands are being turned out dally, to be completed when terms are decided The notes as partially finished fin-ished bear interest coupons and In most other respects resemble liberty bonus. |