Page 10 Advertisements Column 2

Sun (Christchurch), Volume VI, Issue 1736, 6 September 1919, Page 10

PROSPECTUS of Dominion of New Zealand per cent; m (FREE OF NEW ZEALAND INCOME-TAX.) PRICE OF ISSUE: PAR. TERM OF LOAN: 20 YEARS. SUBSCRIPTIONS COMPULSORY The attention of the public is specially drawn to the provisions of the Finance Act, 1918 (No. 2), under which 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 duty) paid or payable by them for the three years ended on the thirty-first day of March, nineteen hundred and eighteen. All moneys invested under the compulsory clauses of the Act will bear interest at the rate of three per cent, per annum only. N.B.—lt must be noted that the amount fixed by the Act is the minimum +r, to the full extent of his relieved from obligation to subscribe to this loan. The Subscription List will be closed on Thursday, 25th September, 1919 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, 1915, and both capital and interest will be charged upon the consolidated revenue of the Dominion. The loan Avill be utilised by the Dominion for the 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 Avhich 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 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 AuditorGeneral, 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, 1908, and Trustees may invest therein. Applications will not be accepted for less than £IOO, but small investors may subscribe sums of £1 up to £SOO, for a.period of five or 10 years, at any Postal Money-order Office. The Bonds will be issued in denominations, of £IOO, £SOO, and £IOOO, or such higher denominations as may be arranged, and will be payable to bearer. Stock will not be issued for any amount under £IOO, 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 April 20th, 1939. Interest on Bonds and Stock will be paid half-yearly, on April 20th and October 20th. The first interest will be paid on April 20th, 1920, and will amount to £2/11/3 per cent, on fully-paid allotments (208 days), and £l/15/3 per cent, on instalment allotments. Interest on fully-paid allotments and on the first instalment of instalment allotments will date from September 25th, 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 Postal Money-order Office, or at any branch of the Bank of New Zealand in the Dominion, or in London or Australia as may be arranged. LODGMENTS. —Forms of application 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 paid as follow :r- ! ; N Fully-paid Allotments—On application .... .. .. 100 per cent. Instalment Allotments— *' 25 per cent, on application (first instalment); 25 per cent, (second instalment), Monday, November 10th, 1919; 25 per cent, (third instalment), Thursday, December 18th, 1919; 25 per cent, (fourth instalment), Monday, February 2nd, 1920. 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 in the case of investments in Bonds these receipts will be exchangeable for Bonds to Bearer as soon as the latter can be prepared. In the case of Stock Investments, Inscription-certificates will be posted to investors when the amounts are fully paid up. The 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 existing in the £16,000,000 Loan, issued under Section 35 of the Finance Act, 1910, may at any time before March Ist, 1920, and.on application in writing to the Dominion Treasury, Wellington, convert into Inscribed 'Stock,'with currency to November 15th, 1938. The Banks have agreed to allow advances at a reasonable rate of interest to clients who desire to invest in the Loan but who have not the ready money to enable them to do so within the time prescribed. Arrangements will be made for New Zealand War Loan Securities to be quoted on the London Stock Exchange as soon as the British Chancellor of the Exchequer agrees. Registered Sharebrokers will be allowed a commission of 5/- per £IOO on allotments made in respect of applications for this issue bearing their stamp, and forwarded to the Treasury through any Bank or Postal Money-order Office under cover of memorandum signed by the sharebroker. No commission will be allowed in respect of applications on forms which have not been printed by the Government Printer, or on applications not forwarded as aforesaid, or on applications for Post-office Certificates or Stock, or on applications made after the closing of the Loan. • / Post Office War Loan Certificates and Post Office 5 per cent. War Loan Inscribed Stock To enable persons of moderate means to subscribe to the Loan, applications will be received at any Postal Money-order Office for Post Office War Loan Certificates or Post Office 5 per cent. War Loan Inscribed Stock at the option of the subscriber.. War Loan Certificates are repayable, with interest compounded, free of income-tax, at the end of five or ten years. Post Office War Loan Stock will be inscribed for not less than £IOO, but not exceeding £SOO, and will have a currency of approximately ten years, maturing April 20th, 1929. Any sum offered in excess of £IOO must be £lO or a multiple of £lO. Interest Avill be paid by warrant at the rate of 5 per cent., and will be subject to income-tax. Full particulars regarding the Post Office War Loan Certificates and Post Office War Loan Inscribed Stock are obtainable at any Postal Money-order Office. Holders of.. 5 per cent. Post Office War Bonds issued under the War Purposes Loan Act, 1917, and Section 68, Finance Act, 1917, Avill have the right to convert into 5 per cent. Post Office War Loan Inscribed Stock, with currency to November 15th, 1927, at any time after November 15, 1919, on application in writing to the Dominion Treasury, Wellington, or through any Postal Money-order Office. Applications will close on 25th September, 1919, but the Minister of Finance reserves the right to close at a prior date or to extend the period. Treasury, Wellington, N.Z., September 6th, 1919. J. ALLEN, Minister of Finance.