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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (11593)	5/13/1998 8:04:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116834

"One Bullion bank may have got caught short in NYMEX palladium futures" biz.yahoo.com

To: Alex who wrote (11593)	5/14/1998 7:25:00 AM
From: lorne	Read Replies (2) \| Respond to of 116834

Hi Alex,----- Government to repay five-year gold bonds in gold from March 14.----- Story a couple mts.old but first time I have seen it, have you heard of this practise before. Our Economy Bureau in New Delhi The government said Wednesday that five-year gold bonds, issued in February 1993, would be repaid in gold from March 14, 1998. A government statement said: "Arrangements for repayment of these bonds, together with the lumpsum interest for the period of five years payable on maturity at the rate of Rs 40 for each gram of gold, are being made at the offices of the Reserve Bank of India and the main branches of the State Bank of India." The bond holders are required to tender the securities, duly discharged, for repayment at the RBI's offices and the specified branches of the SBI, the statement said. It advised bond holders to tender their securities well in advance. To facilitate the repayments, gold bars in denominations of 10, 50, 100 and 500 gm and gold discs of 1, 2, and 5 gm, all of 0.995 fineness have been manufactured by the government mint at Mumbai, the statement said