Page 7 Advertisements Column 1

Dominion, Volume 9, Issue 2852, 17 August 1916, Page 7

WAR LOAN 1 | ■ ■ , •' j : ■■': .-■;' ' ' ■ ', ' / J, I;- I ■ New Zealand Government I 4y. War Bonds I (Ffee© .of New Zealsgnd ' Income Tax). j |_ | ) D - ■-■' ■!'■■ ; j, ISSUE OF £8,000,000 | . .a X.Q : j . - 'J«-r|HE (JOTESBIfMENr hereby invites the public of New Zealand to subscribe £BjOOO,OOO j jj 1 11 authorized to be raised under the Finance Act, 1916, and pursuant to the New I i Zealand Loans Act, .1908, as amended by the New Zealand Loans Amendment Act, jj i - • 1915, for -fiie purpose of carrying on the present War. | I The hm-is by Act of Pariamenfc made.a.obar®e on the consolidated revenue of the' \ ..Iferanwm.:''' . j | Ws? Bonds will be issued on the following terms s- j Price of Issue - Par. | Rate of Interest - 4| % free of fccome Tax. j " Term of Loan - .14 years or 25 years. j' .' * ' No Bond wUI be issned for less en £50, but smaU investors may Bubscdbe sums o£ | | £l up to £50 at the Post Office- j Interest will be paid half-yearly at the Treasury, Wellington j or at any Branch of the Bank of New Zealand, or in London j " a s or Australia, as may be arranged, on Ist March and Ist September In each ye^r. | The first Coupon, representing interest accrued upon the various instalments, from the 5 ) date upon wMch they severally become payable, up to 28th February, 1917, will be paid on jj ' jsfc> March, ,1917. Interest on the deposit will date from the Ist September, 1916. jj lodgments.—Forms of Application .may be obtained and lodgments made at any >j ! lfegt»l Money Order Office, at any Bank, or at the Treasury Offices, Wellington. j Instalments may be prepaid if desired, but prepayment of any instalment will not entitle to' 3nteres<v In respect of the first Coupon, in addition to that provided above. j. Lodgments will be made as follows: ! ! 25 per cent, deposit to accompany application \ j 25 per cent., 2nd October, 1916; j • 25 per cent., Ist December, 1916; * j 25 per cent., Ist February, 1917 ; j . Ths Minister of Finance reserves the right to accept the whole or any part of amount | . , j. : £®pJied for, or decline any application. Should the total applied for exceed the amount of 11 £8,000,000, the Minister of Finance reserves the right to accept such excess or any part j ! thereof. The Controller and Auditor-General will make the allotment, if such is necessary. '!. I. j .In case of acceptance of part only of amount applied for, the surplus of the amount paid as L deposib will be appropriated towards the payment of subsequent instalments. J | Interest will- not be paid in respect- of amounts which are not accepted. J - \ . In case of default in payment of any instalment at: its due date, the deposit and instalments ! . preriously paid will be liable to forfeiture. 2 Interim receipts will be issued for lodgments and must be retained and presented in. exchange |i | for War Bonds, when ready for issue. ■ | Bonds payable to Bearer, with Coupons attached, will be issued after the full subscription has' j ■ Ijeenpaid, in denominations of'£sp, £100, £500, £1,000, or such higher denominations as may I be-arranged, and will be repayable at par in New Zealand at date of maturity. [ ~ The Bonds are Government Securities in which Trustees are authorised to invest trust funds. An annual sinking fund is provided for the repayment of the Loan. | . i - Applications will close on the 21st August, 1916, but the Minister .of Finance reserves j . | the-right to close at a prior date, or to extend the period. ■ \ I JOSEPH GEORGE WARD, ! . j . . . . ■ Minister of Finance. f. 1 TBSaStmY, VTJJWJNOTON, N.Z., i 1 sth August, 1916. IJ