WAR LOAM CERTIFICATES.

Otago Witness, Issue 3514, 19 July 1921, Page 22

WAR LOAM CERTIFICATES.

WELLINGTON, July 15. Post Office war loan certificates purchased during the early years of the war will commence to mature next month, and arrangements are being made to enable holders io renew their investments in Governmentsecurities at an increased rate of interest. The Post: Office will accept war loan certificates on maturity at face value for investment in inscribed, stock or hearer bond? at 6 per cent, interest, payable half-yearly, with 10 years’ currency to Au-gu.-: 1, 1931. Inscribed stock will be issued in multiples of £lO. with a minimum of £IOO, and bearer bonds for £SO, £IOO, £SOO, or £IOOO as rnav be required. For those Holders who desire to invest for a shorter term, or who are prepared to renew their certificates, the Post Office will exchange their present certificates oil maturity for investment certificates. with a currency of five or 10 years, bearing interest at SJ, per cent., compounded annually. Holders who cannot renew may, if they wish, arrange by persona! application at any postal money order office for the proceeds of their war loan certificates to be placed to their credit with the Post Office Savings Bank. The authorities hope that holders of Post Office war loan certificates will, in view of the advantageous terms offered, leave as much money in the hands of the Government as possible.