Page 8 Advertisements Column 3

Rangitikei Advocate and Manawatu Argus, Volume XL, Issue 11405, 23 October 1915, Page 8

NEW ZEALAND GOVERNMENT M 10s PER GENT. DEBENTURES. Issue of per cent. Bearer Debentures, under the authority of the .Finance Act, 1915, and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act, 1915, to provide moneys for local expenditure DURING THE WAR. PRICE OP ISSUE FIXED AT £IOO PER CENT. THE .Government of New Zealand desires to place before the public of the Dominion this prospectus, showing the terms and conditions under which moneys may be invested on the security of the Public Revenues of New Zealand, to provide the funds necessary for local purposes during the presenj; ■ In YiOW of the sfrain at present imposed on t j lo Imperial Treasury in providing moiiays for carrying on the TV?*., the Government of this ' country confidently all NSW Zealanders who can flfl!ord to do so to assist the Empire by investing freely in these Debentures, and thus in a measure relieve the Mother Country of the burden of having to provide the capital required for local purposes in New Zealand. Forms of application may be obtained from any Postal Money-order Office, or from'the Treasury. Applications may be lodged at any Postal Money-order Office, at the Treasury, Wellington, or at any Bank' or registered Sharebroker’s Office in the Dominion. Applications may be made for £0 for any multiple of £5, and_ for a currency of 5, 10, 15, 20, or 25 years, at the option of the subscriber. Subscribers who apply at a Postal Money-order Office may lodge amounts by cheque or in cash. If cheques are forwarded exchange must be added where payable. In cases where application is posted direct to Wellington the lodgments must he first paid in to the “Public Account” at any branch of the Bank of New Zealand, and the bank receipt must in such case be forwarded to Wellington with the application. Applications for sums nor exceeding £SOOO must he accompanied by the total subscription or Bank receipt for the amount, and applications for sums in excess of £SOOO must he accompanied by a deposit of 10 per cent., balance payable on allotment. Allotments will he made by the Controller and AuditorGen eral. In the case of default in payment of the balance the deposit previously paid will be liable to forfeiture. If no allotment is made the deposit will be returned. Interim receipts will be issued on lodgment, and will be subsequently exchanged for Debentures. The Debentures will be issued with interest coupons attached. Interest will be payable halfyearly on presentation of coupons at a Postal Money-order Office, or at the Bank of New Zealand, or at the Treasury. Interest will be computed from the 15th October, 1915, and will be free of income-tax. An annual Sinking Fund is established to provide for the redemption of the Debentures. The Debentures will be issued in denominations of £O, £35, £SO, £IOO, £SOO, £IOOO, or in such higher denominations as may be agreed upon with the Treasury, and will be made payable to bearer. Debentures will be repayable at par. at the Treasury, Wellington, for at any office of the Bank of New Zealand in the Dominion on their due date. Banks aixd registered Sharebrokers will he allowed a commission of 5s per £IOO on allotments made in respect of applications received from them direct, and which bear their stamp, and are forwarded to the Treasurer or to the Post-office under cover of the form provided. Covering forms are obtainable from the Post-offices. Commission will be paid after allotment, and will not be allowed on conversions or on transfer of moneys now on deposit with the Post-office Savings-bank, The Debentures are Government Securities in which Trustees are authorised to invest Trust Funds. Applications will close at the Treasury on (3th November, 1915, but the Government reserves the right to close at a prior date or to extend the period at its option. In case of over-subscription, the Government reserves the right to decline any application, in whole or in par, as "it may determine. Interest will not be paid in respect of any amounts forwarded with applications which are declined. CONVERSIONS. Holders of Government Debentures issued under the New Zealand Loans Act and maturing on or before the Ist December, 191 G, will have the option of converting into per cent 1915 Debentures at par If application is made to the Treasury on or before the 30th November-, 1915. The interest under the new debenture will take effect after the coupon for the then current half-year under the old debenture has been paid. POST-OFFICE SAVINGS-BANK DEPOSITS. • Persons who now have money deposited in the Post-office SavingsBank may purchase per cent. Debentures by means of transfer. They must apply on or before the Gth November, 1915, to the Postmaster in charge at any Postal Money-order Office within the district in which their account is open in order that the requisite transfer may be made. Interest at per cent, under the new debentures will date from the loth October, 1915. The forms of application and transfer ma3 r be obtained at the Postoffices. TO TRUSTEES. “Trustees desiring to invest Trust monies in the per cent Government Debentures Loan may make special arrangements with the Treasury in regard to the time and method of lodging the deposit or purchase money for the debentures. ’ ’

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