New Indian loan

Simla, June 15: The Government of India notify the flotion of two issues of rupee loan, (1) ten year 5 per cent bonds 1933 income tax fee, issue price being 97 for every 100 Rupees, and (2) 5 per cent income-tax free issued at a discount at 4 per cent and repayable at par not earlier than 1945 and not later than 1955. The loans would be limited to 24 crores which is one crore less than the budgeted amount because of the sales of Post office certificates being appreciably in excess of the budget anticipations. Both issues would be opened on 4th July and closed without notice as soon as it appears that the total subscriptions to the two issues combined amount to approximately 24 crores and in any case will be closed not later than 23rd July 1923.