OCR Text |
Show "All CARS Will Float 15 Millions in Cer- tificates and Retire Them MM By Rentals wLm NEW YORK, May 17. The plan of the Canadian government for financ- H ing the purchase of railroad equip-men equip-men which was announced here Sunday, provides for an issue of $15,000,000 fifteen year seven per cent sinking fund equipment trust gold certificates of the Canadian na- H fional railways. Details were made H public by William A. Read & Company, which is floating the loan. fl Equal semi-annual payments suffi- IH cient to retire the entire issue by the jjl maturity date, May 1, 1935, are pro- J vided for. These payments, instead jjH of being used to retire specific securj- jH Lies, must be used by the trustees to jJ I purchase certificates in the open mar-licet mar-licet at or below par, if obtainable. Tho fixed "rentals may be increased from 'time to time to buy certificates at a premium if the railway elects. oo 'H All the mineral springs of Peru witl be taken over by the government and J put under the public health depart i i Mwnwawm , H |