WAR BONDS MATURE
ARR ANGEMENTS FOR RENEWAL. (By Telegraph—Press Association.) WELLINGTON, Aug. 5. In connection with the 4f per cent, war bonds which were issued in 1916 for War purposes and mature on September 1. the. Minister of Finance stated to-day that the Government was offering holders of maturing bonds renewal for a further period to September 1, 1937, in either inscribed stock -er bearer debentures.
Mr Forbes said' the securities issued in renewal will bear interest at the rate of of per cent-., payable half-yearly on March 1 and September 1. The maturing securities were issued with the condition of freedom from income tax attached thereto, hut income from the Securities issued in renewal will not he exempt from taxation. It should be clearly underetood. of course,-that"in-come tax will not be deducted from the—-half-yearlv interest payments, but will be payable only by investors whose incomes are assessable for taxation in the usual way.
Bonds which are not to be .renewed will be paid on presentation at maturitv.
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Hawera Star, Volume L, 6 August 1930, Page 5
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168WAR BONDS MATURE Hawera Star, Volume L, 6 August 1930, Page 5
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