Page 5 Advertisements Column 1

Lyttelton Times, Volume CXVII, Issue 17251, 19 August 1916, Page 5

'V 7 t i. Js LOAN .I • • per cent, far Bonds: "M/r. y (Free off New Zealand Income-tax.) ■ / Issue of £8.000,000. ' ; .. Ul . - N _ w *. a i Am 4to subscribe £8 000,000, authorized to be raised under the Finance Act, 1916, and pursuant to the New Zealand T' H Lowis''Act!' e i9oß^?s*amendc:d S Amendment & 1915,'f0r the purpose of carrying on the present War. v , The Loan is by Act of Parliament made a charge on the consolidated revenue of the Dominion. War Boftd* will be issued on the following terms•' * ■ Par. •«#•, 41 per cent., free of income-tax.' 14 years or 25 years. No Bond will be issued for less than £SO, but small investors may subscribe sums of £1 up to £SO at the Post Office. . interest wm b 0 paid half-yearly at the Treasury, Wellington, or at any branch of the Bank of New Zealand, or in London or Austra a Interest will bp y as may be arrang©d» 081 Ist iVßarch and Ist September m each year. T . Couoon reoresenting interest accrued upon the various instalments, from the date upon which they severally become payable, up to 28th February, 1917, will be paid on The first Coupon, representing inteiesi accrueu lst H March> 1917 i nterest on the deposit will date from the Ist September, 1916. , • Price of issue Rate of interest Term of Loan —Forms of application may be obtained and lodgments made at any Postal Money-order Office, at any Bank, or at the Treasury Offices, Wellington. Instalments niay be prepaid if desired, but the prepayment of any instalment will not entitle the subscriber to interest, in respect of the first Coupon, in addition to thAt provided above. ipr will be made as follows: , ' 25 per cent, deposit to accompany application; 25 per cent., 2nd October, 1916; , 25 per cent., Ist December, 1916; 25 per cent., Ist February. 1917. - ‘ ' The Minister of Finance reserves the right to accept the whole or any part of amount applied for, or to decline any application. Should the total applied for exceed the amount of £8,000,000, the Minister of Finance reserves the right to accept such excess or any part thereof. The Controller and Auditor-General will make the allotment, if such is necessary. In case of acceptance of part only of amount applied for, the surplus of the amount paid as deposit will be appropriated towards the payment of subsequent instalments. Interest will not be paid in respect of amounts which are not accepted. In case of default in'payment of any instalment at its due date, the deposit and instalments previously paid will be liable to forfeiture. • 1 Interim receipts will be issued for lodgments and must be retained and presented in exchange for War Bonds when ready for issue. Ronds navable to Bearer, with Coupons attached, will be issued after the full subscription has been paid, in denominations of £SO, £IOO, £SOO, £I,OOO, or such higher denominations as may be arranged, and will be repayable at par in New Zealand at date of maturity. , ’ The Bonds are Government securities in which trustees are authorised to invest trust funds. 1 . . ’ An annual sinking fund is provided for the repayment of the Loan. Applications will dose on 21st August, 1916, but the Minister of Finance reserves the right to close at a prior date, ward . • • Minister of Finance. Treasury. Wellington, N.Z., sth August, 1918. f v '

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