Page 10 Advertisements Column 4

Evening Post, Volume XCV, Issue 69, 21 March 1918, Page 10

Important Information about War Loan Securities An Individual Appeal to Subscribe. If tin Information you want abjut War Laan' Securities is Rst supplied by the following answers, call at any Bank «r at any local Moßey-erdsr Office which is ipen for the sale ef these securities. Q.—What is the War Loan, and what is it for? §,—Supposing I sell my Inscribed Stock? A.—lt is a loan of money by the people of New Zealand to A.—You obtain a transfer form from the Treasury and fill it the New Zealand Government to feed, clothe, and up in accordance with directions given thereon. maintain our soldiers, so that they may continue to . fight shoulder to shoulder with our Allies for the over- Q — New Zealand Government Bonds and Stock ars throw of German tyranny. frequently spoken of as " best security in the world." Why is this true? Q—What Is a New Zealand Bearer Bond ? A.-Bccausc the promise to ,p ay is backed by the faith and A.—When you lend your money to the New Zealand Govern- honour of the Dominion of New Zealand and by the ment you get the signed promise of the Government of taxing-power of the whole country, which in natural New Zealand to pay principal and interest. It ( is a resources is one of the richest countries in the world. direct and unconditional promise of the Dominion of / ; New Zealand to pay on certain dates a specified sum .Q. — Are War Securities exempt from taxation? .of money, with. interest at a specified rate, and pay- ; A ._ The interest on per cent . bonds and stock is exempt able at specific dates until the bond matures The from income _ ta £ £ ut the s cent p ost Office w £. Bonds are issued to Bearer and executed by the Minis- Loan i nscribe d Stock is'not exempt from New Zealand. ter or finance for New Zealand. A bearer bond is income-tax ' payable to bearer and can be passed from hand to hand without the formality of a transfer. The holder for the $.— 6n what will the preceeds ef this loan be spent ? time being is the recognized owner. A __ The proceeds of this loan wiU be used for war purposes - Q.—What is the currency of the Bonds to be issued ? : only. A.—They will be dated Bth April, 1918, and will mature on n.—How can I buy War Lean Securities? 15th November, 1938. • ■ . ■ ■■■ , A.—By filling in an application form at any bank or postal' Q.—What is Inscribed Stock? money-order or broker's office on or before the Bth A.—An investment for which no actual certificates are issued April, 1918, and by pa3'ing the.necessary amount. ' to investors, but their names and the amount of stock _ . „ . .. ,„ , . „__ .. .' ■ they hold are inscribed m the registers kept for the «—As * practical matter, will 1 have any difficulty W purpose at the Treasury in Wellington. , attending to these details ? .: (Interest Fre« ef New Zealand Inceme Tax) A.—None at all. The New Zealand Treasury, or any banW, *i per cent. New Zealand Inscribed Stock has ' registered broker, or/ postal; money-order _ office, will:. currency to 15th November, 1938, . . Sladly §ive you full, instructions at any time without 1 And is obtainable through any bank, postal moneyorder office, or registered sharebroker. Q.—When I hand my application and money to the bank or All inscribed stock and dividends thereon are payable money-order Office what do I receive? to the person whose name is inscribed in the A.—You will receive a provisional receipt for the amount' Register and to no other. paid. Q.-Canl I sell my War Securities at any time if Iso desire, q,_ H ow long do I hold receipts for Bonds ? and can I borrow money on these securities? * TTi.-wi.t- j . ; , < ,-,.•. . . i- , A „ „ . . . ■ , A.—Until the bonds are printed and distributed from the A.—Yes; you can sell your securities at any time, for there nearest postal money-order office, when the receipts is a market for New Zealand Government Stock or . must be exchanged for the bonds. - Bonds, i hey are considered good security for borrow- , •.,..•. . , -. ? ing money. Q. — What do I receive in acknowledgment of an Investment Q.—Do I get any interest on my money while It Is loaned to in Inscribed Stock r the Government, and at what rate? A.—You receive a provisional receipt, and when the amount A.-Yes ; the New Zealand Government will pay you interest % Pf d UP of Inscription, signed by at ;* per cent, a year on securities issued, free of New ; the Registrar of New Zealand Inscribed Stock, will be ■ Zealand income-tax, and 5 per cent, on Post Office War Posted direct to >ou- ' : Loan Inscribed Stock, which is not free of New Zealand Q,_What are the particular advantages of Investing in, income-tax. Inscribed Stook as compared with Bearer Bonds? Q. —HOW do I collect the interest on Bonds, and how Often ' A.—You would be relieved of all anxiety regarding the do I get It ? •, . custody of negotiable, documents, such as a bearerA.—Attached to each bond are interest coupons, one for bond, and of the necessity of .cutting off and presenting each six months' period. When the interest date arrives ■• interest coupons for payment. In the case of Inscribed you cut off the interest coupon of 'hat date and take it Stock the interest is remitted to you direct by cheque to the Treasury or to any New Zealand branch of the ' from the Treasury. Bank of New Zealand or postal money-order office, Qi _ Why are Bearer ionsls some tlmes preferred' to Inwhere it will be cashed. The interest will be paid every * cp»ih»«i ctnr.tr <? «•*•-. 15th of May and 15th of November. The first payment so.inea stocK ( will date from Bth April, 1918. A.—Because they can be deposited as security or disposed of at the immediate option of the holder, and without Qi—How do I collect the interest on Inscribed Stock, and application to the Treasury. how often do I get it ? A.-Each six months, as the interest falls due, the Treasury Q.-What is Post Office War Loan Insoribed Stock ? will post you a cheque in payment of the interest. A.—Post Office War Loan Inscribed Stock is issued for the -„..,.„_ _ , • .„ . . .. 'benefit of small investors, having a shorter currency Q.-lf I should sell my Bearer Bend, how shall I transfer it and higher rate of intei -est-s per cent., which, howto the new owner . everj j s not f ree o f jsj ew Zealand income-tax. Individual A.—lf it is a coupon-bearer-bond, merely by delivery. Just holdings are limited to £500, and must be fully paidhand it to the new owner. ■ up. Minimum investment, £100. Q. —If I wish to assist my country in the fight fer freedom but have only small means, how can I do so? i A,—By purchasing a POST OFFICE WAR CERTIFICATE (free of Income-tax) at any Postal Money-order Office. Interest on War Certificates accumulates and is repayable with the principal at the end of the specified term. For 13S. ytu can buy a£l Certificate, For 16s. you can buy a£l Certificate, For £6 10s. you can buy a £10 Certificate, For £3 you can buy a £10 Certificate, Ftr £65 ytu can buy a £100 Certificate, For £80 yeii can buy a £100 Certificate, | Repayable in TEN Years. Repayable in FIVE Years. LET YOUR ACTiON BE PROMPT. All may not be able to fight with gun, bomb, and bayonet, but all can help by making their meney fight. Lend all you can afford to your country to-day, so that the brave men who fight may have the means to secure victory, and return to their homes again. J. C, WARD, | Wellington, 16th F*larch, 1918. Minister, of Finance. ;