A FIVE PER CENT ISSUE.
(Australian and N.Z. Cable Association.; (Received January 12, 8,50 a.m.) LONDON, January 11. Ma* Bonar 'Law announces that the war loan Will be issued, at 95 for a term of 30 years at 5 per cent., the bonds of which will be optionally redeemable at the end of 1929. Also- an optionary loan will be offered at 4 per cent, free of .taxes, issued at par. A sinking fund will be established at oneeighth of one per cent., the capital being set aside monthly until ten millions has accumulated for purchasing stock whenever it falls below (the issue price. Income tax will not be collected. In order to encourage small subscribers liolders of the 4_. per cent, war loan and 5 per cent, exchequer bonds have the option bf converting into the new loan at par.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19170112.2.14.4
Bibliographic details
Poverty Bay Herald, Volume XLIV, Issue 14195, 12 January 1917, Page 3
Word Count
141A FIVE PER CENT ISSUE. Poverty Bay Herald, Volume XLIV, Issue 14195, 12 January 1917, Page 3
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.