“BOMBER BONDS”

Press, Volume LXXXIII, Issue 25139, 21 March 1947, Page 8

“BOMBER BONDS”

REINVESTMENT URGED Nearly £3,000,000 worth of National Savings Bonds sold during the “Bonds Bombers ’ campaign in 1942 will SIL * n for - P a y men t in the three weeks following March 23. says a statement issued by the New Zealand national Savings Committee. If bond holders do not urgently require the proceeds of their bonds for some special worth while purpose,” JZ 1 e chairman of the committee •Mr T. N Smallwood) yesterday “the committee appeals to them to make another good investment and thus help to curb the threat of inflation until such time as the supply of goods and commodities more nearly matches our purchasing power.” Suitable investments for bond holders not reauiring the cash at present were suggested by Mr Smallwood. Investments available,” he said. ar e first, national savings investment accounts, where the money will earn 3 per cent interest and’ again become due for repayment on June 30. 1949 AU that is necessary is to pay the bonds into a national savings account in the ordinary way There is a limit of £lOOO for each vear ended Junp 30 on the amount which may be deposited in national savings accounts, but as an alternative there is the 3 per cent. Government stock issue. A further option is to nlace the money in new issues of national savings bonds. “Although the reduction of 6d in the £ national security tax does not take effect until Anri! 20 all bonds issued in replacement of bomber bonds will carry in their maturity values the benefit of the tax reduction. **lf, however the money is reauired for some nurnose at an earlv date it can. of course, be placed at a lesser rate of interest in an ordinary savings bank account. All these transactions will be carried through at the one counter.”