NATIONAL THRIFT LOAN.

Oamaru Mail, Volume XLIV, Issue 14704, 3 June 1920, Page 7

NATIONAL THRIFT LOAN.

(Per Press Association.) WEI/LINGTON: sTuno; 2. ' "The Government 'is' making Grange-. ; ments." stated Mr \Massev to-night, "to give investors an oonortunity of taking up New Zealand debentures, a.t ;5 per cent. a+ par for a terra' of ton years. The loin -.vill take the for:v. 4-ither of inscribed stork or bearer bonds, at the option of the subscriber. Nominally this is a loan of -C3.000,000, and the monev is required- for public works onlv. Tho loin is also intended for the puvno«e ot cnronniGCtnir national thrift, and of encoura.imie the . N>w, •7ealand people to us--> their funds for development of tboir own, cniuit'T. This sum of £2,000 000 is-rot all" that we shall require, rlnrunr the yeir as li ■ is nracticallv certain that another loan, of n ".considerably amount- wi'l bp nlaced locally in Aw ov six- months' t'me.. Jt may he noted that the i"tere c i:is at the of 5 " e r cent-', whereas tb*y rato, on w,W loans was 4A tier cent., but,, on the <~.Cher h«nd:, +b« interest this?lo<m. )S not" f rf*<v of income t-iv. sccuritv isundeniable. and T a conf=id<>rn;bV -amount will bo■ subscribed ; 'Applications for amounts ' from £SO: upwards will be accented. Binks and registered are to bo allowed commission at the rate; o£ 5a pqr £100," . t « 1