Page 3 Advertisements Column 3

Star (Christchurch), Issue 12088, 17 August 1917, Page 3

DOMINION OF NE (FREE OF NEW ZEALAND INCOME TAX). THE SUBSCRIPTION LIST WILL BE CLOSED ON MONDAY, 3rd SEPTEMBER, 1917. J-iE Loan is authorized to he raised under the War Purposes Loan Act, 1917. and pursuant to the New Zealand Loarus Act, 1908, as amended by the New Zealand Loans Amendment Act, T915, and both capital and interest will be charged upon the consolidated revenue of the Dominion. The Loan will be utilized by the Dominion for War purposes only, and will take the form either of Inscribed Stock or Bearer-bonds, at the option of the subscriber. £1,000,000 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 specially marked. These securities will not be transferable, but may be exchanged at the Treasury for other available securities, if so desired. The issue is an investment authorized by the Trustee Act, and trustees may invest therein. Applications will not be accepted for less than £TOO, but small investors may subscribe sums of £l up to £SOO, for a period of five or ten years, at any Postal Money-order Office for investment in War Certificates. Full particulars as to latter may be obtained at any Postal Money-order Office. The Bonds will be issued in denominations of £too, £SOO. and £l,ooo, 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 amount applied for in excess of £loo 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. 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, T9lB. and will amount to £3 2s. Jd. per cent, on fully-paid allotments (254 days), and £2 Os. sd. 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. Both Warrants and Coupons will be payable, free of exchange, at the Trc-isurv, 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 lodgment, made at any Postal Money-order Office, or any branch of any Bank, or at the Treasury, Wellington. Lodgments will be made as follows; — Fully-paid Allotments-* On application Instalment Allotments — ~. 100 per cent. 25 per cent, on application (first instalment); 25 per cent, (second instalment) on Thursday, Ist November, 1917; 25 per cent, (third instalment) on Friday, 4th January, 1918 ; 25 per cent, (fourth instalment) on Friday, Ist March, 1918. 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. The Stock will be inscribed in accordance with the New Zealand Inscribed Stock Act. T917 (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 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 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 ss. per £loo 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 on forms which have not been printed by the Government Printer or on applications not forwarded as aforesaid. ~jS will close on the right to close at a prior date or to extend the period. Treasury, Wellington, N.Z. 14th August, 1917. Tj 191 7| but the Minister of Finance reserves JOSEPH GEORGE WARD, Minister of Finance.

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