APPLICATIONS INVITED

Evening Post, Volume LXXXIX, Issue 151, 28 June 1915, Page 2

APPLICATIONS INVITED

THE SCHEME EXPLAINED. I His Excellency the Governor (Lord Liverpool) has received by cablegram the prospectus of the great British 4j per cent, war loan,.- applications for which close on 10th July next. The issue price is £100. Put in simpler terms, the position is this : — Th© Imperial Government will issue stock worth £100, and pay interest on every £100 at the rate of 4£ per cent., or £3 10s per annum. Applications must be for even hundreds of pounds, £100 or £200, or £500, but not for sums like £150 or £375. A deposit of £5 per £100 applied for must be made, and the balance per £100 stock will be in instalments, if preferred,, payable as follows :—: — £ 19 ... 20th July 15 ... 3rd August 15 ... 17th August 15 ».. 31st August 10 ... 14th September 10 ... 28th September 10 ... 12th October 10 ... 26th October95 5 deposit £100 The loan, if not previously redeemed, will be repaid at par, i.e., £100 for each £100 of stock, in 1945, but the Government reserves to itself the right to repay it in 1925.^0n giving three months' notice. Dividends will be paid on- Ist June and Ist December yearly. Certain stocks, known as trustee stocks, are legally recognised as stocks in which trust moneys may be invested. This loaa. is in that category. A full halfyear dividend of 2{ per cent., or £2 5s per £100 invested, will be paid on the 4i per cent, war loan, stock on let December next ; really for five months instead of a. half-year.