NEW WAR LOAN
OPENING ON TUESDAY ISSUE OF £35,000,000 tP.A.) AUCKLAND, June 1. A war loan of £35,000,000 will be opened next Tuesday. It was to have been announced last week by the Minister of Finance, Mr Nash, in the Financial Statement, and was to have been opened to-day, but was deferred owing to the death of Mr Coates. To be known as the Third Liberty Loan, this loan is by far the largest opened by the Government as a means of helping to finance war expenditure. The First Liberty Loan, which was opened on May 4, 1942, was for £15,000,000, and the Second Liberty Loan, floated last October, was for £10,000,000. Subscribers to the new loan will be able to buy either stock or bonds or place their money in the loan by i way of national war savings accounts. Advance subscriptions are already well in excess of £4,000,000. There will be two issues of stock, one of 21 per cent., repayable on June 15, 1947-49, and the other of 3 per cent., repayable on December 15, 1953-56. The minimum subscription for the stock will be £lO, and the price of issue £IOO per cent. Interest will be paid on all money from the date of receipt.
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Bibliographic details
Otago Daily Times, Issue 25241, 2 June 1943, Page 2
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208NEW WAR LOAN Otago Daily Times, Issue 25241, 2 June 1943, Page 2
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