Word: holdersâ
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Dates: during 1925-1925
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...destitute are to receive a "social rental" (apparently a small annual repayment of principal in addition to interest) of 2% of their holdings, in no case to exceed a total of $150 per annum, the annual sum of $10,000,000 to be earmarked for this purpose. All others holders???this part of the law being designed to avoid rewarding speculators who, since 1920, were active in buying the bonds at a fraction of their original value?are not to receive any interest and must wait the 'pleasure of the Government for the 5% redemption...
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