Internal War Loans Belligerent Countries

up an amount necessary to subscribe to another bond where
the amount due was less than ioo lire.
Fiscal Service—Principal and interest payable at designated
agencies of Italian Government in Italy and Italian Colonies.
Taxation—Exempt from all present and future taxes.
Convertibility—This loan enjoys the same rights and privileges
which may be granted to future loans of the State
if issued during the war on more favorable terms.
Banking Syndicate—A banking syndicate in which the three
banks of issue, ordinary savings banks, ordinary credit
institutions, popular banks, cooperative credit companies
of every kind and many Italian banking firrns and companies
participated, was formed to cooperate with the President
of the Cabinet and the Minister of the Treasury to insure
the successful flotation of the loan. This syndicate
presided over by the general manager of the Bank of Italy
was authorized to avail itself of the aid of the Deposit and
Loan Bank, the National Prudential Bank and the National
Insurance Institute with all its agencies ; also to cooperate
with the Collectors of direct taxes and with the post offices
according to an agreement with the Minister of Finance
and with the Minister of Mails and Telegraphs.
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