WAR LOANS.

Ashburton Guardian, Volume 65, Issue 194, 30 May 1945, Page 4

WAR LOANS.

REPAYMENT ON APPLICATION (P.A.) WELLINGTON, May 29. In a statement to-night, the Minister of Finance (the Hon W. Nash) made reference to many patriotic citizens who, in the early days of the war, had made interest free loans to the Government for war purposes. These people, Mr Nash said, had been registered as holders of New Zealand Government stock, which was recorded in the books of the Reserve Bank of New Zealand, and with the termination of the war in Europe the Government felt that some anouncement should be made regarding the maturity and repayment of these loans. Many persons had made loans for the duration of the war, or for the duration of the war and stipulated periods thereafter, such as three months, six months, one year, etc., and the Government had decided that where a lender so desired the period of the duration of the war might be regarded as having ended with the termination of the war in Europe, and the stipulated period thereafter might be taken as commencing from that date. “Therefore, repayment will be made on various dates commencing from the conclusion of the war in Europe, said Mr Nash, “but it will be necessary for the lender in every case to make written application to the Reserve Bank. Where no application is made in the meantime, loans will be alowed to run until the termination of the war with Japan, and the stipulated periods thereafter.”