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French War Loan Tied to Paris Stock Prices in Algeria Fight
Premier Guy Mollet announced a new 150 billion franc loan to fund the Algerian war will be tied to the Paris Bourse stock and bond indices to guard against inflation. Subscriptions open September 10 with a October 20 deadline to avoid extra taxes. Bonds repayable in 15 years carry 5 percent interest and redemption adjusts with market indices. In Algiers, French forces report 34 rebels killed in a Mt Bou Sessou operation, with one soldier dead and several wounded. captures of guns and ammunition noted.
MENTIONED IN THIS ARTICLE
Paris
Guy Mollet
Algeria
Mollest
Joan
Ramadier
Algiers
Mt. Bou Sessou
Constantine