Page 1 Advertisements Column 4

Grey River Argus, 25 October 1915, Page 1

PUBLIC NOTICES. NEW ZEALAND GOVERNMENT £4 10s. per Cent. DEBENTURES. Issue of 4£ per cent. Bearer Debentures, under the authority of the Finance Act, 1915, and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act, 1915, to provide moneys for local expenditure DURING THE WAR "DRICE OF ISSUE FIXED AT 17 £ioo PER CENT. THE Government of New Zealand desires to place before the public of the Dominion this prospectus showing the terms and conditions under which moneys may be invested on the security of the Public Eevenue of New Zealand, to provide the funds necessary for local purposes during the present war. In view of the financial strain at present imposed on the Imperial Treasury in providing moneys for carrying on the war, the Government of this country confidently asks all New Zealand-' ers who can afford to do so to- assist the Empire by investing freely- in these Debentures, and thus in a measure relieve the Mother Country of the burden of having to provide the capital required for local purposes in New Zealand. Forms-of application may be obtained from any Postal Money-order Office or from the Treasury. Application may be lodged^ at any Postal Money-order Office, at the Trea s ury, Wellington, or at any Bank or registered Sharebroker's office in the Dominion. Applications may be made for £5 or any multiple of £5, and for a currency 5, 10, 15, 20, or 25 years, at the option of the subscriber. Subscribers who apply at a Postal Money-order Office may lodge amounts by cheque or in cash. If cheques are forwarded exchange must be added where payable. In cases where application is posted direct to Wellington the lodgments must be first paid in to the "Public Account" at any branch of the Bank of New Zealand, and the bank. receipt must in such case be forwarded to Wellington with the application. Applications for sums not exceeding £5,000 must be accompanied by the total subscription or Bank receipt for the ■amount, aid applications for ; sums in excess of £5,000 must be accompanied by a deposit of 10 per cent., balance payable on allotment. Allotments will be made by the Controller and Auditor -General. In the caseof default in payment of the balance the deposit previously paid will be liable to forfeiture. If no allotment is made the deposit will be returned. Interim receipts will be issued on lodgment, and will be subsequently exchanged for Debentures. The Debentures will be issued with interest coupons attached. Interest will be payable half-yearly on presentation of coupons at a Postal Money-order Office or at the Bank of ySTew Zealand, or at the Treasury. Interest will be computed from the ,15th October, 1915, and will be free of income tax. An annual Sinking Fund is establish ed to provide, for the redemption of the Debentures. The Debentures will be issued in denominations of £5, £25, £50, £100, £500, £1,000, or in such higher denominations as may be agreed upon with the Treasury, and will be made payable to bearer. Debentures will be repayable at par at the" Treasury, Wellington, or at any office of the Bank of NeAV Zealand in the Dominion on their due date. Banks and registered Sharebrokers will be allowed a commission of -5/per £100 allotments made in respect of applications received from them direct and which bear their stamp, an d are forwarded to the Treasury or to the Post-offices. under cover of the form provided. Covering forms are obtainable from the Post-offices. Commission will be paid after allotment, and will not be allowed on conversions or on transfer, of money now on deposit with the Post-office Savings bank. The Debentures are Government Securities in which Trustees are, authorised -to invest Trust Funds. Applications will close at the Treasury on 6th November, 1915, but the Government reserves the right to close at a prior date or to extend the period at its option. In case of .over subscription, tke Government reserves the right to decline any application, in whole or in part, as it may determine. Interest will not be paid in respect of any amounts forwarded with applications which are declined. CONVERSIONS Holders of Government Debentures issued uud.er the New Zealand Lean s A.ct and maturings on or before the Ist December, 1916, will have the option of converting into 4i per cent. 1915 Debentures at par if application is made to the Treasury on or before.the 30th November, 1915. The interest under the new debenture will take effect after the coupon for the then current half-year under the old debenture has-been paid. POST-OFFICE SAVINGS-BANK DEPOSITS. - Persons who now have money deposited in the Post-office Savings-bank may purchase 41 per cent. Debentures by means of transfer. They must- ap--p!y .■■••on or before the 6th November, i'ft'i'c 1 ' 1 ' - •■-.in--- '-'?i\?i-Jx' Tt i x i_ «T. — __^ ■■i.^.'"-