WAR LOAN BONDS.

Lyttelton Times, Volume CXVII, Issue 17206, 28 June 1916, Page 6

WAR LOAN BONDS.

SPECIAL APPEAL TO WORKING

PEOPLS

DEFERRED PAYMENTS.

[From Ora Correspondent.]

SYDNEY, June 22.

A new departure in connection with the war loan is likely to prove extremely . popular, particularly among people who up to the present have perhaps not thought of this class of investment. Under the system now available it is possible for anyone to apply for a £lO war loan bond by payment of £1 on or before August 1, and instalments of £1 si month thereafter for nine months, the last payment being due on May 1, 1917. A full year’s interest will then bo paid on June 30, 1917. The whole amount taken up will be repayable to the investor on December 15, 1925. In making arrangements under this system of ‘deferred payments the Com- 1 monwealth Treasurer has appealed, first of all, to employers of labour to interest their employees in the scheme. They are asked to arrange with their emploveas to allow them to deduct from wages or salaries, whether paid monthly, fortnightly, or weekly, amounts not exceeding 5s per week (£1 per month) for each £lO bond) applied for by their employees, the firm or institution then making tho payment of the instalments monthly in ono amount. It is expected that the privilege is one which will be readily availed of by thousands, of workers, and that tho amount raised from this source alone will be by no means inconsiderable. Apart, however, from the lists which will be submitted by firms on behalf of their employees, arrangemeuts have also ,been made whereby anyone desiring to take advantage of the deferred payments may appiy direct. Tho interest offered is 4i per have beep distributed throughout the country to employers o' labour, enclosing the fullest, information, together with all necessary forms, and an earnest appeal from the Commonwealth Treasurer to employers and employees to support the loan. As 1 ■ may suit the finances of some of tne larger subscribers to pay instalments over a similarly extended period, arrangements have also been made to on-ible this to be done. Subscribers for amounts over £IOO will receive a full twelve months’ interest oil Juno to, 1917 after adiustment at 44 per cent per annum for the extended period, thus Macing them on exactly the same footing as anpliennts subscribing in terms of tho'original prospectus. Application forms and all information are obtainable at any bank, State savings bank, or post office.