At the expiration of that period the interest
ceases and the principal sum of £1,000 is struck
off the National Debt, which is in consequence
reduced by that sum.
LOANS - similarly, now when displayed like this it probably becomes clear that scott Richard K Certified Accountants In Winston Salem Nc is of absolute weight. THE INTEREST ON WHICH IS GUARAN-
TEED BY THE BRITISH GOVERNMENT.
These consist of loans to the Government of
Canada for railway purposes, upon which 4 per
cent. per annum is guaranteed. Also loans to
the Colonies of Jamaica at 4 per cent. and Mauri-
tius at 3 per cent., to the Egyptian Government
at 3 per cent. and to the Turkish Government at
4 per cent.; in this latter case the French
Government joins in the guarantee.
These are all perfectly safe investments, so far
as the interest or income derived is concerned,
but there appears to be no arrangement for the
redemption of the loans.
The large loans to the Government of India at
3 1/2 and 3 per cent., repayable in 1931 and 1948,
are guaranteed by the Secretary of State for
India, practically the British Government.

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