N.Z. GOVERNMENT WAR LOAN

Lake Wakatip Mail, Issue 4487, 1 October 1940, Page 3

N.Z. GOVERNMENT WAR LOAN

PARTICULARS OF STOCK

An announcement is nub’Lhed tod,av concerning the New Zea’ard Government War Loan.. 19'3. prospectus of which is being issued. Tire proceeds of the loan are to be imed for enuirming and maintaining the a-med forces of the Dominion, and for other war purpose®. Payment for the stock is as follows: £3O per cent, on application: £4O per cent, on 16th December, 1910: and £3O per cent, on 25th March. 1941. Stock of this issue is- non-interest bearing up to Ist October, 1943. Interest Mill be paid thereafter at the rate of 21- per cent, per annum, a first interest payment of £1 5s per cent, to be made on Ist April. 1944. Any person who has made a loan free of interest to the. Government for the purposes! of the War Expenses Account, may apply to. convert such loan, in whole or in part, into an equivalent amount of stock of this issue. Any person who has made a gift to the War Expenses Account may reduce his contribution to this loan by the amount of such gift._ The Minister of Finance has. indicated that lie will not regard any person as having subscribed in due proportion to his means unless such person has subscribed to this loan at least the amount of income tax normally payable in February, 1940, on. income earned in the year ended 31st March, 1939. decreased in the case of individuals by £SO and in the case of companies by £7O. Applications will be received at the Reserve Bank of New Zealand, Wellington; at the District Treasury Offices at Auckland. Christchurch and Dunedin; at any branch of any Bank in the Dominion; or at any Postal Money-Order Office; or from members of any Stock Exchange _ in the Dominion. The list of Applications will be closed on 18th October. 1940.