SAVINGS BONDS
MATURITY OF FIRST ISSUE
The first National Savings Bonds, which were issued 12 months after the commencement ,of hostilities, fall due for payment on October 10, states Mr. T. N. Smallwood, chairman Of the New Zealand National Savings Committee, outlining the procedure for repayment of bonds. Each bond matures five years from the date of issue shown on its face, and at the expiration of that term may be presented for payment at any money-order office in the Dominion. This applies to all bonds, whether issued during war loans or at any time since October, 1940.
"In view of the "continued need for saving and for the restriction of civilian consumption so that returning servicemen may satisfy their urgent needs, many bond-holders may wonder what is the best thing to do with the money they will be receiving. May I suggest," concluded Mr. Smallwood, "that the most effective way of assisting our country at the present time is to invest such maturing bond money in a national savings account, which will earn interest at 3 per cent. Money invested up to June 30 is repayable on June 30, 1948, but provision exists for withdrawal in the the event of hardship, emergency, or in special circumstances."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19451008.2.114
Bibliographic details
Evening Post, Volume CXL, Issue 85, 8 October 1945, Page 7
Word Count
207SAVINGS BONDS Evening Post, Volume CXL, Issue 85, 8 October 1945, Page 7
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