GERMAN LOAN SCRIP.

Grey River Argus, 8 May 1926, Page 6

GERMAN LOAN SCRIP.

REDEMPTION IN N.Z. WELLINGTON, May 7. The Public Trustee as Controller cf the New Zealand Clearing Office, has received the following information regarding the conversion of German Government loans. Under the German Statute of July 16, 1925, provision is made for the conversion of German Government loans into loan liquids tion debt, on the basis of R.m. 25 (i.c. gold marks) for each MJ 000 of the old loans. At first only those persons who were able to prove their uninterrupted ownership from before July 1, 1920, will be permitted to exchange their certificates. Such persons wi 1 receive bonds of the loan liquidation debt, and also drawing certificates. Of these latter a certain number wiil be drawn each year, extending over a period of 30 years from 192 G, and 11'/ winners will receive five times the face value of their bonds in cash, plus interest at the rate of 41 per cent on the face value commencing from th'year. The period during which application will be considered commenced on April 1, 1926, and will close on June 30, next. Applications for th * exchange of loans from holders livi ig in Now Zealand should be address*' 1 immediately to the German Consul for New Zealand, Wellington. Gorman loan certificates which were acquired by the present holders after .July 1. 1920, are expected to be exchanged later this year.