Article image
Article image
Article image
Article image

3 DOMINION OF NEW ZEALAND NEW ZEALAND GOVERNMENT S&,' , i!•*\F v' .-n«' v-r - * vt. II Authorized to. be raised in accordance with the provisions of the New Zealand Loans Act, 1932, whereby the interest and principal are a direct charge upon the public revenues of the Dominion . £10,000,000 in either of the following forms: 2£ per cent. Stock repayable Ist August, 1946 First interest payment Ist February, 1942, on Fully-paid Allotments £l-5-0 7 per cent. Instalment Allotments £O-15-6 per cent. 3 per cent. Stock repayable Ist August, 1951/54 First interest payment Ist February, 1942, on - Fully-paid Allotments £l-10-0 per cent. Instalment Allotments £O-18-6 per cent. Interest payable, Ist February and Ist August PRICE OF ISSUE i £IOO PER CENT. Payable as follows: (a) For Fully-paid Allotments full issue price is payable on application. (b) For Instalment Allotments : £2O per cent, is payable on application. £3O per cent, is payable Wednesday, Ist October, 1941. £3O per cent, is payable Monday, 3rd November, 1941. £2O per cent, is payabje Monday, Ist December, 1941. £ 100 per cent. Loan opens Ist August, 1941: Closes 2nd September, 1941 The Minister of Finance reserves the right to close at an earlier date. The Reserve Bank of New Zealand has been authorized by the Minister of Finance to receive applications for the issue of £10,000,000 New Zealand Government Stock as above. PURPOSE OF LOAN. The proceeds of the issue will be paid into the War Expenses .Account established under Part 1 of the War Expenses Act, 1939. A TRUSTEE INVESTMENT. Trustees are authorized by the Trustee Act, 1908, to invest in New Zealand Government Stocks unless expressly forbidden by the instrument (if any) creating the trust. METHOD OF PAYMENT. Subscriptions may be paid in full at time of application or by instalments on the terms specified in this prospectus; Provided that by arrangement with the Reserve Bank a subscriber may pay in advance any or all of the instalments due in respect of an instalment allotment, and where any such advance payment is made and accepted at least fourteen days before due date of the instalment or instalments A DISCOUNT AT THE RATE OF £2 PER CENT. PER ANNUM WILL BE ALLOWED from the date of payment up to the due date of the instalment or instalments. Cheques irt payment of deposits or instalments will be accepted free of inland exchange. Default in payment of any instalment at its proper date renders any sum previously paid liable to forfeiture and the relative allotment to cancellation. FORMS OF STOCK. New Zealand Government Stock will be issued in any of the following forms as applicants may direct on the form of application:— t (a) Registered Stock transferable by memorandum of transfer; (b) Stock Certificates to bearer with coupons annexed; (c) Death-duty Stock. Registered Stock may be converted into Stock Certificates to bearer, and Stock Certificates may be converted into Registered Stock without payment of any fee. INTEREST PAYMENTS. Interest will be pffid half-yearly on the Ist February and Ist August. The first payment will be made on the Ist February, 1942, at the following rates: — (a) On Fully-paid allotments of both loans, a full half-year’s interest. (b) On Instalment allotments on the 2i-per-cent. loan, 15s. 6d. per cent. (c) On Instalment allotments of the 3-per-cent, loan, 18s. 6d. per gent. Interest on Registered Stock, including Death-duty Stock, will be paid by means of interest warrants, which will be transmitted by post at the risk of the holder. The Reserve Bank of New Zealand will accept directions from stockholders for payment of their interest to any agent in the Dominion; existing instructions for the payment of’interest will apply in respect of both loans. coupons annexed to the Certificates. The interest due Ist February, 1942, on Instalment Allotments of Stock Certificates will be paid by means of warrants which will be forwarded by post to the subscriber. • .'fc REGISTRATION OF STOCK. -Stock will be registered in the names of the subscribers, and Stock Certificates to bearer will be issued as soon as practicable after payment of the full amount of the subscription has been made. Stock Certificates to bearer may not be issued for amounts of less than £SO. On registration of stock, registration certificates will be issued to subscribers unless certificates of title evidencing ownership of the stock are required in which case application for such certificates should be made on the prescribed form. The register of stock will be kept at the Reserve Bank of New Zealand* Wellington, where transfers will be registered without payment of any fee. TRANSFERS. Transfers of Government Stock otherwise than by of gift are exempt from stamp duty. Death-duty Stock is not transferable as such from person to person, but may be exchanged for ordinary stock, which is transferable. Stock Certificates (until the name of some person is inserted therein as the holder) are transferable by delivery. MINORS. .. Any minor of the age of ten years or upwards may be registered as the holder of stock and may execute transfers thereof. REPAYMENT. The 2i-per-cent. Stock of this issue WILL BE REPAID at par at the Reserve Bank of New Zealand on the Ist August, 194,6. The 3-per-cent. Stock of this issue, if not previously redeemed, WILL BE REPAID at par on the Ist August, 1954, but the Minister of Finance reserves the right to repay at par at any time on or after the Ist August, 1951, on giving not less than three moivhs’ notice in the New Zealand Gazette of his intention to repay. . The ultimate repayment of the Public Debt of the Dominion is in the main provided for under-the Repayment of the Public Debt . Act, 1925, in pursuance of which New Zealand’s debt-reduction resources shall be applied in the purchase and redemption of New Zealand Government securities at or before maturity. APPLICATIONS. Applications accompanied by a remittance for the full issue price, or the required deposit of £2O per cent., may be lodged at the Reserve Bank of New Zealand? at any branch of any trading /bank in the Dominion, at the District Treasury Offices at Auckland, Christchurch, or Dunedin, or at any postal money-order office in New Zealand. Applications must be for an amount of £lO or multiples thereof. Commission at the rate of ss. per £IOO of Stock allotted will be allowed to bankers and registered sharebrokers on applications bearing their stamp. COPIES OF PROSPECTUS AND APPLICATION FORMS. These may be obtained from—The Reserve Bank of New Zealand, Wellington; the District Treasury Offices at Auckland, Christchurch, or Dunedin; any branch of any trading bank 'in New Zealand; any postal money-order office in New Zealand, or from members of any Stock Exchange in New Zealand. \ .. . . * i 3 v Interest on Stock Certificates to bearer excepting the interest due on Instalment Allotments on Ist February, 1942, will be paid by means of The list of applications is now open and will be closed on or before Tuesday, 2nd September, 1941. Subscribe Early - INVEST IN VICTORY An advertisement authorized by the Reserve Bank of New Zealand, Wellington, Ist August,

GOUGHS, COLDS AND INFLUENZA I WOODS 9 PEPPERMINT; » CURE 6t* GIVES SURE RELIEF <I n ner!t' PINCH El SMOF AFFECTIONS o! any ol the following parts may be caused by NERVES |mpin«e<l it the spine by a sublimated vertebra ■ BRAIN/ ■EYES ■EARS ■NOSE ■ , ■THROAT; V ARMS ‘heart 'LONGS 'LIVER v . 'STOMACH 'PANCREAS ■SPLEEN 'KIDNEYS 'SMALL EOWEI . LARGE BOWEL ■GENITAL ORGANS THIGHS AND LEGS Chiropractic Hours £ 2 to 5 p.nnj and by *S * M ' : appointment^ F. A. COLDICOTT, f | 19th Year of Practice, 123 HAVELOCK ST., ASHBURT&Nr

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19410801.2.18.2

Bibliographic details

Ashburton Guardian, Volume 61, Issue 248, 1 August 1941, Page 3

Word Count
1,263

Page 3 Advertisements Column 2 Ashburton Guardian, Volume 61, Issue 248, 1 August 1941, Page 3

Page 3 Advertisements Column 2 Ashburton Guardian, Volume 61, Issue 248, 1 August 1941, Page 3