Indian Government Stocks

These stocks stand as high in the estimation
of the public as the British Government Funds.
They consist of loans raised in this country for
the use of the Indian Government and are two
in number, bearing interest respectively at the
rate of 3 and 3 1/2 per cent.

There is also what is termed a Rupee Paper
Loan, raised in India at 3 1/2 per cent. per annum.
The interest is paid in the currency of the coun-
try, which is the rupee, and that coin being
worth only a little more than half its nominal
value in this country, the investor in this stock
would receive in the shape of interest little more
than half the Ł3 10s. a year. The price of the
stock in the market is consequently in the same
proportion, and at the present moment is about
Ł62 for every Ł100 stock.

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