Commonwealth Loan Opens With Swift Support
The eight million pound Commonwealth Loan opened on Monday with prompt backing from major businesses. Queensland Insurance Co Ltd applied for £50,000 and W D & H O Wills (Aust.) Ltd subscribed £200,000 the next day. Proceeds fund public works and debt redemption. Interest 3 percent, repayable in ten years. Subscriptions can be lodged at banks or post offices, with options for full payment or 10 percent deposit and balance by January 16, 1933. Interest tax free. paid twice yearly. Trustees Act permits investment despite market price.</S>