Page 6 Advertisements Column 1

Free Lance, Volume XV, Issue 799, 22 October 1915, Page 6

NEW ZEALAND GOVERNMENT 10s per cent. DEBENTURES. Issue of 4£ per cent. Bearer Debentures, under the authority of the Finance Act, 1915. and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act, 1915, to provide moneys for local expenditure DURING THE WAR. PRICE OF ISSUE FIXED AT £100 PER CENT. THE Government of New Zealand desires to place before the public of the Dominion this prospectus, showing the terms and . conditions under which moneys may be invested on the security of the Public Revenues of New Zealand, to provide the funds necessary for local purposes during the present war. In view of the financial strain at present imposed on the Imperial Treasury • in; providing moneys for carrying on the war, the Government of- this country confidently asks all New Zealanders who can afford to do so io" assist the Empire by investing freely in these_ Debentures, and thus in' a- measure relieve the Mother Country of the burden of having to provide the capital required for local purposes in New Zealand. Forms of application may be obtained from any Postal Money-order Office, or from the Treasury. Applications • may be lodged at any Postal Money-order Office, at the Treasury, Wellington, or at any Bank or registered Sharebroker's office in the .^Dominion. Applications may be made for £5 or any multiple of £5, and for a currency of 5, 10, 15, 20, or 25 years, at the option of the subscriber. Subscribers who apply at a Postal Money-order office may lodge amounts by cheque or in cash. If cheques are forwarded, exchange must be added where payable. In . cases where application is posted direct to Wellington, the lodgments must be first paid in to the '.'Public Account" at any branch of the Bank of New Zealand, and the bank receipt must in such case be forwarded to Wellington with the application. Applications for sums not exceeding £5000 must be accompanied by the total subscription or Bank receipt for the amount, and applications for sums in excess of £5000 must be accompanied by a deposit of 10 per cent., balance payable on allotment. Allotments will be made by the Controller and AuditorGeneral. . In the case of default in payment of the balance, the deposit previously paid will be liable to forfeiture. If no allotment is made the deposit will be. returned. Interim receipts will be issued on lodgment, and will be subsequently exchanged for Debentures. The Debentures will be issued with interest coupons attached. Interest will be payable half-yearly on„ presentation of coupons at a Postal Money-order Office, or at the Bank of New "Zealand, or at the Treasury. Interest will be computed from the 15th October, 1915, and will be free of income tax. An annual Sinking Fund is established to provide for the redemption of the Debentures. The Debentures will be issued in denominations of £5, £25, £50, £100, £500, £1000, or in such higher denominations as may be agreed upon with the Treasury, and will be made payable to bearer. Debentures will be repayable at par at the Treasury, Wellington,, or at any office of the Bank of New Zealand in the Dominion on their due date. Banks and registered Sharebrokers will be allowed a commission of 5s per £100 on allotments made in respect of applications received from them direct, and which bear their stamp, and are forwarded to the Treasury or to the Post-offices under cover of the _ form provided. Covering forms are obtainable from the Post-offices. Commission will be paid after-allotment, and will not be allowed on conversions or on transfer of