Page 6 Advertisements Column 2

Southern Cross, Volume 27, Issue 23, 13 September 1919, Page 6

Victory Loan. PROSPECTUS - OF - DOMINION OF NEW ZEALAND ISSUE OF £10,000,000 41 PER CENT. WAR LOAN. ( FREE OF NEW ZEALAND) INCOME TAX ). PRICE OF ISSUE : PAR. TERM OF LOAN : 20 YEARS SUBSCRIPTIONS COMPULSORY. The attention of the public is specialty drawn toi the provisions of the Finance Act, 1918 (No. 2),, underwhich persons can be compelled to contribute to the loan an amount equal to three times the yearly average of the land-tax plus income-tax (exclusive of excess-profits doty) paid! or payable by them for the three years ended on the thirty-first day of March, nineteen hundred and eighteen. AH moneys invested under the compulsory clauses of the Act will bear interest at the rate of three per cent, per annum only. N :.e. It must be noted that the amount fixed by Act is the MINIMUM subscription only. Every person is expected' to invest to the full extent of his ability. Subscribers to previous loans are not relieved from obligation, to subscribe to this loan. TEie Subscription List wifi be closed on Thursday, 25th September. 89T9. The loan is authorised! to be raised under the Finance Act, 1918* and Finance Act, 1918 (No. 2),. and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act, 19f5, and both capital and interest will be charged upon the consolidated revenue of the Dominion. The Loan will be utilised by the Dominion for repatriation and payment of soldiers and other purposes in connection with the War, AND WILL TAKE THE FORM EITHER OF INSCRIBED STOCK OR BEARER-BONDS, at the option of the subscriber, or POST OFFICE SECURITIES.. £375,000 of the Loan will be reserved for individual! persons who desire to invest in securities which will be available* for payment of New Zealand death duties. Applications for this class of security must be specialty marked. These securities will not be transferable, but may be exchanged at the Treasury for other available securities if so desired. .Should applications be received in excess of £375,000, an allotment will be made by the Controller and Auditor-General, and any sums which cannot be accepted for Death Duty Stock may be invested in ordinary Stock or Bonds, at the option of the subscriber. The issue is an investment authorised by the Trustee Act, ISOS, and Trustees may invest therein. Applications wilt not be accepted for less than £IOO, but small investors may subscribe sums of £1 up to £SOO, for a period of five or ten years, at any Postal Money-order Office. The Bonds will be issued in denominations of £IOO, £SOO, and £I,OOO, or such higher denominations as may be arranged, and will be payable to bearer. Stock will not be issued for any amount under £1:00, and any sum applied for in excess of £IOO must be a multiple of £lO. The Loan will be repaid at par at the Treasury, Wellington, or at any branch of the Bank of New Zealand in the Dominion on 20th April, 1939. Interest on Bonds and Stock will be paid half-yearly, on 20th April and 20th October. The first interest will be paid on 20th April, 1920, and will amount to £2 11s 3d per cent, on fully-paid allotments (208 days), andl £1 15s 3d per eent. on instalment allotments. Interest-on fully-paid allotments and on the first instalment of instalment allotments will date from 2Stfi September, 1919. Interest on second, third, and fourth lodgments of instalment allotments will date from the respective dates of payment shown under heading “Lodgments.” Interest on inscribed stock will be paid by Dividend Warrant, which will be transmitted by post. Interest on Bonds will be paid on production of Coupon. (Both Warrants and Coupons will be payable, free of exchange, at the Treasury, Wellington, or at any