Timmins Newspaper Index

Porcupine Advance, 4 Mar 1926, 1, p. 7

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Fbr Sure'Ré‘éults' Try “Our W ant “Ad Cola-m a 000 ouzutgu3¥§$utuo®ogonooxtutuéututututu8n§§58u8u8x8§ .M .., < . ,. ‘ . 000 .. O O O O O O O 9 O v3.3.3... 3 3 3930309 i .u w I J ViOla Vloloncello . The new Dominion of Canada $45, 000,000 issue of 41/2% bonds, due February lst,1946, being oflered at once by a strong Canadian syndicate composed of The Bank of Montreal, ’ The IItoyal Bank o£~ Canada. The Cana- dian Bank of Commerce, Wood, Gundy and Company Limited, Dominion Securities Corporation Limited, A. E Ames Company, Limited; and Na- tional City Company, Limued. The? new issue is 'c-bns1dered ‘to be attrac-g tive, being ofiered at 97 arfd interest,"i yielding an interest return of 4. 73%. The details of the bonds are similar to previOus Victory” Loan and Re- funding Loan 1ssues, in that interest‘ '9 payable at any branch in Canaw .da ofa y chartered bank It is un-- derstoot? that the present financing completes rthe Dominion Govern- ment ’s requirements for the current 1. .In view 61°. the pronounced shortage 6f Government and Mun1c1pal bonds! due to the s aller volume 01? financmg' in 1926; Wit expected that 1111931163141 9111; oflermg will be quickly taken up' by investors. It Will be recalled that -in the case Of the Dominion Loan last September, orders from the larger buyer's exceeded the amOunt of the issue and it was found necessary to scale doWn these large app11cat1ons ”in order that bends might be retain-' ed to meet the private investOr de- mand.’. It 16 understood that the syn» ,1 d1cate ofiering the bonds Will again f'follow the pohc of d1stributmg them {as Widely as possible by giving small investors thrOughOut the country a full 0 ppOrtnnity to partlc1pate. In order that bonds Will\;be available, it ‘ expected that it Will again be ne- 1 cesary to 61161; larger buyers a less,"' ambunt than applied for.:.;-' \ The proceeds 61°. the issue are to be used for refundmg oses “and Will be applied tOWards' re eirmg $70, 000, - Q90 of short term Nntes, gand $25,- 000 000 (if Bgnds, maturmg April 1st Both issue's Were payable in United States flunds and the neW issue. is a11- pther step toWard meetmg the finan- 61:11 re mements 6f the Government by borrowmg at home rather than abroad In the present case ,the in- terest coupons, on- the. new b6nds Will be payable only 111 Canada, W}61’QS 1, .._. r . saw» «9 «3.3.». mi ; the bonds run for a longer term than any other direCt Dominion bond available in. the market Dealers are .urgm clients to forWard applications as quickly as posSible, in order Sure fukfilment of orders ib‘e‘ payable “91111 in Cape the- ’Notesmnd o’nds bei waggpgyabge ‘in Uigited sfiates' mas, ml mm"! mm»; ‘ ISSUE llf llllMlIlllN alums New Issue Considered as Attractive ' Ofi‘ered at 97 and Interest, and “ Yield 4. 73 per Cent. .‘ded i we .hJ

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