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•' ■V .r:- ' mmwm PROSPECTU OF DOMINION OF NEW ZEALAND. ■: ' ; ; ’ ; -f: ‘ i'--.; i’ • ■ . H JWWWJWVU ■ 2 (Free of New Zealand Income-Tax.) LOAN. Price of Issue : P at. Term of Loan: 2f Years, THE SOBaCRIPTION-LIST WILL BE CLOSED ON MONDAY, 3rd SEPTEMBER, 1917 THE Loan is authorised to be raised under the War Purposes Loan > Act, 1917,,wid pursuant to the New Zealand!Loans Act, 1908, as amended by the New Zealand Loans' 1 Amendment Act, 1913, and ; ; ;both capital and interest will be charged uppn the consolidated revenue of the Dominion. I ■ v / The Loan will he utilised hij the Dominion for war purposes only, and will take the form either pf : Inscribed Stock or at the option of the subscriber. : £l,ooo*ooo of the Loan will be reserved for individual persons who desire to investin securities which will be available 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;:exchangecLat the Treasury for other available securities, if so desired. The issue is an investment trustees may invest therein. by the Trustee Act, and Applications will not be accepted for less than £ 100, but small investors may subscribe sums of £ 1 up to £SOO, for a period of five or ten I years, at any Postal, Money-order Office for investment in War CcrtificateSi Full as to latter may be obtained at any Postal Money-orderOifice. The Bonds will be issued in denominations of £ 100, £SOO, and £IOOO, or such higher denominations as may be arranged, and will be . payable to ‘ Stock will not be issued for any amount under £IOO. and any amount 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 15th ' November, 1938. I Interest on Bonds and Stock will be paid half-yearly, on 15th. May and 15th November. The first interest will be paid on 15th May, 1918, and will amount to £3 2s. 7d. per cent, on fully-paid allotments (254 days), and £2 0s 5d per cent, on instalment allotments. Interest on fully-paid allotments and on the first instalment of instalment allotments will date from 3rd September, 1917. Interest on second, third, and fourth instalments of instalment allotments will date from the respective dates of payment shown herein. 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. Bbth Warrants and 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 in the Dominion, or in London or t Australia as may. be- : arranged. LODGMENTS .- 1 - Forms of applications may be obtained and lodgments made at any Postal- Money-order Office, or at any branch of -any Bank, or at"the Treasury, Wellington. Lodgments will be made as follows FULLY-PAID ALLOTMENTSOn application 100 per cent. INSTALMENT ALLOTMENTS--25 per cent, on application (first instalment); 25 per cent, (second instalment) on Thursday, Ist November, 1917; 25 per cent, (third instalment) on Friday, 4fh January, 19IS; 25 per cent, (fourth instalment) on Friday, Ist March, 19 IS. Instalments may be prepaid, but such prepayments will not entitle the subscriber to any additional interest. In case of default in the payment'of any instalment at its due date, instalments previously paid will be liable to forfeiture. Provisional receipts will be issued for all payments, and will be exchangeable for Bonds to Bearer (as soon as the latter can be prepared) or Inscription in the name of the registered holder. Tne Stock will be inscribed in accordance with the New Zealand Inscribed Stock Act, 1917 (read in conjunction with the New Zealand Loans Act, 1908), and the inscription-books of the Loan will be kept at the Dominion Treasury, at Wellington, where all transfers of stock will be made. Transfer-forms may be obtained at the Treasury. Holders of War-bonds in the £ 16,000,000 Loan, issued under section 35 of the Finance Act, 1916, will have the right to convert into Inscribed Stock, with currency to 15th November, 1938, at any time between 3rd September, 1917, and Ist March, 1918, on application in writing to the Dominion Treasury, Wellington. Arrangements have been made under which the Banks have agreed to allow advances at reasonable rate of interest to • clients who desire to invest in Loan but who have not the ready money to enable them to do so within the time prescribed. ' Arrangements will be made 1 for New Zealand War Loan Securities to be quoted on. the London Stock Exchange as soon after the War as the British Chancellor of the Exchequer agrees. Registered sharebrokers will be allowed a commission of 5s per £ 100 on allotments made in respect of applications for this issue bearing their stamp, and forwarded to the Treasury under cover of memorandum signed by the sharebroker. No commission will be allowed; in respect of applications onforms which have not been printed by the Government Printer or on applications not forwarded as aforesaid. APPLICATIONS will close on MONDAY, 3rd SEPTEMBER, 1917, but the Minister of Finance reserves the right to close at a prior date or to extend the period. JOSEPH Treasury, Wellington, N.Z., 14th August, 1917. GEORGE WARD, Minister of finance.

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https://paperspast.natlib.govt.nz/newspapers/STEP19170817.2.15.1

Bibliographic details

Stratford Evening Post, Volume XXXIV, Issue 20, 17 August 1917, Page 3

Word Count
907

Page 3 Advertisements Column 1 Stratford Evening Post, Volume XXXIV, Issue 20, 17 August 1917, Page 3

Page 3 Advertisements Column 1 Stratford Evening Post, Volume XXXIV, Issue 20, 17 August 1917, Page 3