WAR SAVINGS

Evening Post, Volume CII, Issue 38, 13 August 1921, Page 5

WAR SAVINGS

THE MATURING CERTIFICATES,

It does not seem like five years ago since the first of the war savings certificates were issued in New Zealand, but the fact is the. first of them is now due. That is, for evary 16s invested with the Government then, '£1 is, available now. Those who do not immediately want the money can do one of three things—transfer it to their savings bank accounts, or open a new account with it; purchase post office investment certificates, paying 5£ per cent, interest, compounded annually, and current for five years; or convert into 6 per cent, debentures in denominations of £50, £100, £500, or £1000, or receive inscribed stock for any amount of £100 and over, repayment to be made in August, 1926, ov August, 1951, at the investor's option.; Interest will be paid half-yearly. In special circumstances, the Government may. aocept investments for shorter periods than those above-mentioned. The 6 per cent, stock and debentures are not free of income tax. If application for conversion o£ the war <oan certificates is made not later than three months after .they mature, interest on the bond or stock will be paid from the date of the maturity. After three months the interest will bs paid only front the date the application foi;' conversion is received.