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Show NEW LOAN TO BELGIUM BY.J. P. MORGAN CO. NEW YORK. June 1. A new loan to Llerlin, the proceeds to be used to liquidate fifty million dollars acceptance accep-tance credit maturing In June, was announced an-nounced by J. P. Morgan and company, com-pany, and the Guaranty Trust company com-pany of New York, fiscal agents of the Belgian government. In accordance with, agreement there will pa offered for subscription at 97 1-4 and Interest on 'Juno 2 a ?50, 000,000 Issue of 25 year 7 1-2 per cent sinking fund bonds, dated Juno 1, T920, to be payable in gold at 115 per cent of the principal on or before Juno 1, 1915. the fiscal agents stated. By tho terms of the loan contract, It was staled, Belgium has agroed to pay to sinking fund trustees hero at least 52,300,000 in United States goljl coin on or before March 10, 1921, and the same amount each year until 19-15. These annual payments are to bo applied ap-plied vto tho redemption by lot of at least $2,000,000 of the bonds at 115 and accured Interest. The' entire issue is to bc retired at 115 per cent by maturity through the operation of thls slnklng fund, it wa3 explained. |