UNCLAIMED BONDS

Nelson Evening Mail, Volume LXIV, 3 June 1930, Page 5

UNCLAIMED BONDS

WORTH OVER £350,000 FORGOTTEN BY HOLDERS Although the Australian Federal March conversion loan of . £10,000,000 closed a month ago, bonds to the value of £300,000 that matured on 15th March are still unclaimed. The holders of these securities have apparently put them away for safe keeping and have forgotten about them. The Treasury has not the addresses of these bondholders, and it is unable to communicate with them to inform them that they have failed to present their securities for redemption and that t'hey have ceased to earn interest.

In addition to these bonds, there are Commonwealth securities to the value of £55,000 in previous loans still unredeemed. They extend back as far as 1923.

Of the 1927 loan, there are £39,800 worth of bonds unclaimed. In the 1938 loan there are £4200 worth, and in the loan that was converted last year £5500 worth.

At the end of last June there was £151,698 unclaimed in loans that matured between June, 1923, and December, 1927. Between June 30 last and the end of March of this year, £45,256 of that amount was claimed by bondholders, who had apparently lorgotteii' about their securities. The largest amount outstanding at 30th June last was £131,370, in tl.c loan that matured in the previous December. _ Of that amount £97,180 has been claimed in the last nine months.