TELEGRAMS

Otago Daily Times, Issue 18352, 16 September 1921, Page 5

TELEGRAMS

(Feb United Press Association.) WELLINGTON; September 15. The following condition in regard to insurance policies on the lives of professional naval and military men has been approved by the Governor-General-in-Council:—lf the assured shall engage in any naval or military service in the time of war, and shall, prior to his discharge from such service die from any cause whatever, or if he shall as a re. suit of any service die within six calendar months after such discharge, the liability of the society under the policy shall in either event be /limited to the amount of the premiums paid unless the society shall endorse hereon or otherwise give its consent in writing to the continuance of such assurance notwithstanding such naval or military service, and unless an extra premium at a rate to be fixed by the board (not exceeding £lO per cent, per annum of the Sum assured) shall be paid lop such period, and on such terms as may bo required by the board. ‘

A notice was gazetted yesterday that the Minister of Finance has, in terms of Section. 3 of the New Zealand Inscribed Stock-'Act;' 1917, authorised the conversion -of bonds' and debentures issued under the authority of the following Acts into inscribed stock, and the issue of debentures pr other secunties in.exchange for inscribed stock:—The Finance Act, 1916 (war loan, 1916); War Purposes Loan Act, 1917 (war loan. 1917);Finance Act, 1918, No. 2, Part IV (Victory loan); Electric power Works Loan, Act,’ 1919, (Public Works loan, 1920); Discharged: Soldiers’ Settlement Loans Act, 1920.;(spl*' diers’ loan, 1920); Finance Act, 1915; (*e-. newal of debentures to December 15,4930,'0f debentures matured December 15, 1920): .• The Minister has also prescribed to .come into force from October 1, 1921, a.fee -of 5s for converting bonds or debenture* into; inscribed stock, and a fee of ss, plus the cost of printing each bond or debenture, fop converting inscribed stock into bonds op debentures. i