Show CUBA LOAN BILL havana sept 10 the loan bill passed the house of representatives yesterday by 48 to 2 president palma is authorized to make loan in the name of the nation for the amount of the minimum price of the issue to lie 80 and the maximum rate of interest to be 5 per cent the loan ia payable in forty year payments to begin ten years after the date of issue four million dollars ia to be devoted to the encouragement of agriculture and the cattle industry and is for the fulfillment of obligations contracted during the revolution and the payment of the cuban army in order to provide funds for iho payment of interest and to maintain a sinking fund a consumption tax on al cohallo drinks j specifically imposed besides 10 per cent of alie total receipts from customs the bill provides for si tax of 20 cents 4 litre on alcohol 30 cents on brandy 40 cents on whisky 30 cents on wine and 10 cents on beer the bill will go to the senate conference committee |