The loan you mentioned, issued on 1 December 1935, had a yield of 5%. This meant that investors who bought these bonds received an annual interest of 5% on the invested capital. War loans were commonly used to finance military expenses, including armaments, troop training and other war-related activities.
The graphics of these financial bonds featured the image of King Victor Emmanuel III. Victor Emmanuel III was the king of Italy from 1900 to 1946 and during the Fascist period was an important figure in the government. The presence of the king's image on the bonds reflected his role as head of state and symbol of authority during that historical period.
National Loans and War Loans were offered to the Italian public as a way of mobilising financial resources to support the policies of the fascist regime. These loans were promoted through advertising campaigns, posters and other media to encourage the population to invest and support the government.
It is important to note that the history of the fascist regime's war loans is complex and controversial. These loans were often used to support Fascist Italy's military aggression during World War II and to finance policies that caused severe economic hardship for the country. After the war, many of these loans were restructured or cancelled according to decisions made by Italian and international authorities.
In conclusion, the National Loans and War Loans of the Kingdom of Italy issued on 1 December 1935, characterised by a 5% yield and bearing the image of King Victor Emmanuel III, were financial instruments issued during the Fascist period to finance war expenses and support the regime's policies.
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