Page 5 Advertisements Column 4

Poverty Bay Herald, Volume XLV, Issue 14555, 16 March 1918, Page 5

WAR LOAN, PROSPECTUS ■' ■ ..■-.■': ... . . OF- .- ' ;■ ■ ■ ■ ■ ;.■■ . DOMINION OF NEW ZEALAND Issue of £9,500,000 M per Cent War Loan. (FREE OF NEW ZEALAND INCOME -TAX.) - PRICE OF ISSUE: PAR. TERM OF LOAN : 20 YEARS; The Subscription List will be Closed on MONDAY, Bth APRIL, 1918. The Loan is authorised to be raised under the War Purposes Loan Act, 1917, and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Ijohhr Amendment Act, 1915, antl. both pupital and interest will be charged upon the consolidated revenue of the Dominion. The Loan will-be Utilised by the Dominion for war purposes only, and Will take tha form either of Inscribed Stock or Bearer-bonds, at the option of the subscriber. . £200,000 of the Loan will be reserved for. individual persons who desire to invest insecurities which will be avaiiable for payment of New Zealand death duties. Applications for this class of security must be specially marked. These securities will not be transferable, but may be ex*>chanft'ed at the Treasury for other available securities, if so desired. , The issue is an investment authorised by the Trustee Act, and Trustees may invest therein. - Applications will no t be accepted for less than £100, but small investors may subscribe sums of £1 up to £500,' for a period of five or ten years, at any Postal Money-order Office. (See below.). «' The, Roii ds T^ijl }ie issued. in denominations of £500, and £1,000, or such higher de- , nominations as riiay be arranged, and will be payable to bigarei^, . v • Stock will not be issued for any amount under £100, and any amount applied for' in excess of £100 must be a multiple of £10. ! ' ;' % . "■...,. The JJoari will be repaid at par at the Treasury, Wellington, or at any branch of the Bank of Now Zealand m the Dominion on 15th November, 1938. .•.,.. Interest on Boitds and Stock will /be paid half-yearly, on 15th May and 15th November, \ The first interest will be paid on 15th November, 1918, and will amount to £2 14s. 6cl. per cent, on fully-paid allotments (221 days), and £1 15s. lid. per cent, on instalment allotments. Interest on fully-paid allotments .and on the first in stalmeVij; of instalment allotments will date from Btli April,' 1918. V ' ■-, ; CX ../ Interest oil second, third, and fourth instalments of instalment allotments will date from the respective dates of payment shown herein. \ f ;. ' . / , • ,• Interest on Inscribed Stock will be paid by Dividend Warrant, which will be transmitted by post. ■...-.- ■* ■ Interest on Bonds will be paid oiv production of Coupon. Both Warrants arid Coupons will be payable, free of exchange, at the Treasury, Wellington, or at any Postal Money-order Office, or at any branch of the Bank of New Zealand m the . Dominion, or m London or Australia as may be arranged.. .. . . .- . . ■ A ■ LODGMENTS. — Forms, of application may be obtained atfd lodgments made, at any Postal Money-order Office, or at, t any branch of any Bank, or at the Treasury, Wellington. k Lodgments will be nlade as follows:— r-/ .. Fully-paid Allotments— .'%\ • " ', On application v ..'. ... ..! ...,;. 1 66 ■ p_el ; cent. : . Instalment Allotments— ; !; t 25 cent, on application (first instalment); 25 per cent, (second instalment), Monday, 3rd June, 1918; v ' ' % - ; ■ '25 per cent. (thiM instalment), Monday, 15tn J\tly, 1918$ " - 25 per cent., (fourth instalment), Monday, 2nd, September, 1918., - ..'.;* _. Instalments may be: prepaid, but such prepayments will not entitle the subscriber to a;ny'v additional, interest., . ■;•',., ';■■[ i • In case of default m the paymWt of any at its due date, instalments previously paid will be liable to forfeiture. > ' v . '.' "•'. " ' - " • '■ ; v I* ro Tisional receipts will be for all payments, andiiiij^4j case of Investments m Bands < these receipts will be exchangeable for Bonds to Bearer as sfeo^nifis the latter can be prepared.' ? ;. .In the case of Stock Investments , Inscriptions-certificates "will he posted to investors when the amounts are fully paid up. •' v . ~ ? ' « The Stock will be^ 'inscribed. in accordance | U.lio New Zealand Inscribed Stock: Act, 1017 (read m conjunction wTththe New; Zealand Loans; Act, ;an (I; the inscription-books of, tho Loan will be kept at tile Dominion Ti^asury, at. ; Wellington, where all transfers of st6ck will -be , made.' Trnnsfer-iorms . may be obtained at the Treasiiry. ..,. .••;•..' . !.^ c . Holders of War-bonds m the £16,000,000 lioan, issued under section 35 of the Finance ?ies\ 1916, will have the right to. convert, into Inscribied Stock, with currency^ to l/sth November, I^3s, at -any time between Bth ' April, 4 1 91 8, and Ist Manih, 1926, on application in^ writing to ■ the" Dominion Treasury, Wellington. . ■ . ,• _; . V i Arrangements have been made under which the Banks have agreed to allow advances 'at a reasonable ra*e of interest to clients whp desire tounvest m the Loan, v but who have not the rehdy ' money to enable them, to do so within iijhe time |irescribed. i ■. ... \ ; Arrangements will be made for New Zealand War Loan Securities To be quoted, on the Loiulon* Stock ■ Exchan ge as . soon after the . Wai* a s the llritisli Chan cellor of "the'- Exchequer ; a grees . ■■■-. Registered Sharebrokers will, be allowed a commission of ss.'; per £100 on allotments made m respect of applications ;f or this \iss\ie^ Rearing, their stamp, and forwarded .to ; the Treasury through any. bank or Postal. Money-order Officer under coyer Vof memorandum: signed -by, tlie-:sharel)rol?er. , N6 t cominissipn will, be' allowed m. respect' of ; application smi' -forms t^Hich have not printed by the Government Printer,^ or on applications i^ot forwarded as aforesaid," or on applications for ■Post-office Certificates or Stock. "l , " N\- ° > ; - V \ : .., . . \. /;.-. ..,:^'- : \- .V ."■'■'•■ :..v : /|- •: ' ■•■:'■'■ :.#> ' ■' w • POST OFFICE WAR LOAN, CERTIFICATES AND POST OFFICE 5 PER CENT. WAR LOAN INSCRIBED STOCK. , i To enable persons, of .moderate means ,t(^ subscribe to.tiie L'daTi,' applications will be received at any' Postal Money-pi'der 'Office- for Post OfHcej War. Loan Certificates -or Post Office 5 per cenif. Wav Loan Inscribed Stock' at the option of t|ie -subscriber. v . .« „ Wai'. Loan Certificates are repayable, with interest compounded, free of income-tllx, at the / ; end of live or ten years. . - v ; . , . , . : . » .* ' • Post Office War Loan Stock will be inscribed for £100 or multiple of £100, but not exceeding iSOO. No person may purchase this Sff>ek whose total subscriptioii-to the War Loans has reached £500. Interest will b ; e paid by warrapt* at the rate of 5 per cent., and will be subject to incoln\tax, and the term will be ten years. : , Full particulars regarding the Post Office War Loan Certificates and Post Office War Loan Inscribed Stock are obtainable at any Ptist hi Money-order Office. COMPULSORY SUBSCRIPTIONS. v ;. ■ ■'„..' . . : "T — "~ '■ •"' '■-:.:. ' ; .-■'■■ .■:;:>■ The attention of the public is specially drawn to section' 40 of the Finance Act, 1917, which provides machinery for the compulsory levy of subscriptions to the War Loan. • It is confidently aiyticipated that the full amount of 9£ millions will be voluntarily subscribed, but should there be any deficiency it will be necessary to raise tho amount of siich deficiency by compulsory levy m accordance with the Act. APPLICATIONS will close on MONDAY, Bth APRIL, 1918, but the Minister of Finance reserves tlie right to close at a prior date or to extend the period!' JOSEPH GRORGE WARD, , Minister of Finance. Treasury, Wellington, N.Z., . .. ,r , * / ! «. ; , ..;: ' ISth^March, 1918.