INTERESTON BONDS
Bonus To Be Tax-Free (lf2. Press Association) WELLINGTON, October 24. Interest rates on th® Government's development bonds were announced in the prospectus issued today. The rate will be 4 per cent until January 31, 1968, 4} per cant, until January 31. 1968, and per cent, until January The 6 per cent, tax-free bonus will be paid at the end of the nine-year term for which the bonds are issued. For every £lOO invested, capital of £lO6 will be returned. At the option of the holder, subject to three months’ i notice being given, the bonds can be redeemed at £lOO par cent, between July 31, 1962 and January 30. 1965; at £lOl per cent, between January 31, 1965, and January 30. 1968; and at £lO3 per cent, between January 31, 1968, and January 30, 1971. The premiums payable on encashment short of the nineyear term are also tax free. Each applicant will be restricted to £5OOO worth of bonds.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19611025.2.164
Bibliographic details
Press, Volume C, Issue 29653, 25 October 1961, Page 16
Word Count
161INTERESTON BONDS Press, Volume C, Issue 29653, 25 October 1961, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.