国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

World / Europe

Britain to repay part of World War I debt

(Xinhua) Updated: 2014-10-31 21:45

LONDON - George Osborne, British Chancellor of the Exchequer, Friday announced that British government will pay off part of the country's World War I debt, as part of the redemption of bonds stretching as far back as the 18th century.

The Treasury will redeem 218 million pounds (or 350 million US dollars) of debt from the 4 percent Consolidated Loan on February 1, 2015, said the British government in a statement.

The so-called "4 percent Consols" was first issued by then British Chancellor of the Exchequer Winston Churchill in 1927, partly to refinance National War Bonds originating from the World War I.

The Debt Management Office estimates that the nation has paid 1.26 billion pounds in total interest on these bonds since 1927, said the Treasury.

These National War Bonds were first issued in 1917 as part of an "unprecedented effort" by the government to raise money to finance the ongoing cost of the World War I, which started with the first issue of the first war loan in November 1914, noted the Treasury.

Around two billion pounds of First Word remains, data showed.

"Large publicity campaigns were employed throughout the war to attract the general public to make a patriotic investment. And for good measure, the bonds also paid out an attractive rate of interest of five per cent," it said.

The Chancellor of the Exchequer, George Osborne said in a statement: "We are only able to take this action today thanks to the difficult decisions that this government has taken to get a grip on the public finances. The fact that we will no longer have to pay the high rate of interest on these gilts means that most important of all, today's decision represents great value for money for the taxpayer."

In addition to the war bonds, some of the debt being repaid in redeeming "4 percent Consols" dates as far back as the eighteenth century.

And there are currently 11,200 registered holders of the bond. 7,700 investors hold less than 1,000 pounds nominal, and 92 percent of holders own less than 10,000 pounds each. This is one of eight undated government bonds currently outstanding.

This will be the first time that a Chancellor has redeemed an undated gilt of this sort in more than 60 years, it added. (1 pound = 1.60 US dollars)

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
涞源县| 宜君县| 榆中县| 紫云| 图木舒克市| 日土县| 万源市| 湛江市| 全南县| 常熟市| 托克托县| 忻州市| 霍城县| 盈江县| 南溪县| 烟台市| 吉林省| 苗栗市| 修文县| 星子县| 车险| 呈贡县| 寻乌县| 房产| 年辖:市辖区| 聂荣县| 金门县| 榆林市| 亳州市| 陕西省| 靖安县| 水富县| 股票| 平阴县| 梁河县| 兴安盟| 宁乡县| 新晃| 永新县| 宜良县| 阿勒泰市|