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West Virginia Korean veterans face slow bonus payout
About 71,000 Korean veterans in West Virginia may wait longer for their bonuses than for the war era. The 1814 million bond financing for the bonus faces a tight money market, with high interest and low salability under the 2.5 percent coupon. Officials say state liquor revenues will partly fund the bonds, but market conditions threaten timely sales.
MENTIONED IN THIS ARTICLE
Edward L. Smith
Associated Press
West Virginia
Banus
Workmen's Compensation Fund