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Interest is credited to the account at a rate fixed by reference to that obtainable from long-dated government stocks.
When one looks at the investments one discovers that a substantial part of them were either irredeemable or long-dated.
It ought to be the practice of all the shipping companies to retain sufficiently large sums to provide for long-dated obligations.
The present rates of interest payable on long-dated gilt-edged securities are in fact substantially below the current rate of inflation.
Why have any comparatively long-dated securities at all?
Initial orders for long-dated materials and component manufacture, have already been placed.
The engineers in my division will not touch these long-dated securities.
They may find it impossible to issue long-dated bonds.
It is not possible to say that in all circumstances irredeemable or long-dated securities, or charges on land, are unsuitable investments for trustees.
He should sell more long-dated bonds to mop up surplus money, instead of issuing short-dated paper.
That is a rather long-dated means of following up what has been done.
Up goes the market price, and it becomes more easy for us to redeem or convert the long-dated loans.
But the stock that they issue in the short-term interests of the nation should be as long-dated as possible.
So far as outstanding long-dated loans are concerned, this new procedure could not be applied to old contracts?
I do not, however, think that it was long-dated securities that caused the trouble in that case.
