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dominion of m NEW ZEALAND JnwtottwsL iers Settlement Loan PRICE OF ISSUE: PAR Issue of £6,000,000 per cent. TERM OF LOAN • 12 YEARS SUBSCRIPTIONS COMPULSORY. Loans 1920 t: unl f r t ll p ik blic is s P ecia "y drawn to provisions of the Discharged Soldiers Settlement yearly average of the land f'° pC j S ° ns can be colll pelled to contribute to the Loan an amount equal to the thirty-first day of Mamh?aS * *** *• per cent peTamum' undcr lhe “mpalsory clauses of the Act will bear interest at the rate of three person is expects^o^nve«t°to'^>. tb f t |f be am ° U t n u bxe A by ct , ' s die minimum subscription only. Every From obhgaln m subscribe £ JhL Loam " SubsCribers L °“ s a « ™t rel,eved The Subscription List will be closed on Thursday, 251h November, 1920 the P is f harged , S °l Settlement Loans Act, 1920, an/ FonsohdLS revenTeof l DominTon ’ ’ b °‘ b and ~ wi “ be eha^d “P° a *• D/,xlj hT “ ll i ht , UliliSei the P “ r ' ,l>MS ° f xtiUmeni m thc l ° nJ of discharged soldier, in Urn, of the Stock If t e " T' M ,915 - and wi " the form either of inscribed B ®arer Bonds, at the option of the subscriber, or Post Office Investment certificates or other securities. £2,500,000 of the Loan will be reserved for individual nersons who desire to invest in Inscribed Stock whk-h “ll bo avSta 13 N -f Zcala , nd of death duties ApplicatTons S will not be tTan s 7erahI U9 V + s P eciall y marked. These securities tJ ;ausferable, but may be exchanged at the Treasurv for other available securities if so desired. Should annlicatinns thVSfll 13 exc ? ss of£2|soo,Coo, an allotment will, ho tde by and t ny - s,ims "hich canno y t ’ sLk or Bonds D l lty St £ 0( * m *7 be invested'in ordinary oiocK or Bonos, at the option of the subscriber. R m 6 I s an investment authorised by the Trustee Act 1908, and Trustees may invest therein. trustee Act, . Appi'cations will not be accepted for loss than £IOO, but inTesters may subscribe sums of £1 and upwards for a neriod nf fi™ Or ten years, at any Postal Moncy-ordlTofFice P ° £1 Jo 6 ®° n^ S L W l I ? I® iS j" ed denominations of £IOO, £SOO, and as “ ay and • Stock will not be issued for any amount under £IOO and nnv sum applied for m excess of £IOO must be a of £lO. * The Loan will be repaid at par at the Treasury. Wellington nr ariJss B “ k “ tN » z »“ ■ The Minister of Finance may in special circumstances and bv miitual arrangement accept investments for a shorter period than beann S interest at a lower rate than a half per cent, per annum, and issue securities therefor. Interest on Bonds and Stock will be naid hilf vonrlw icu. Wj, and 15th July, and « nnt free rf incoS tonf' “ ““ The first interest will be paid on 15th July, 1921. Wh * - - Interest on second third, fourth, and fifth lodgments of in. atalment allotments will date from the respective dates of nav ment shown under heading “ Lodgments.” 1 ™ 1 pay Interest on Inscribed Stock will be paid by Dividend Warrant to hl ft h hnm Hnw * ransm .^ te(J % P ost » or the amount will be credited to a banking account; at the option of the subscribers. ' , 0D Bonds will be paid on production of Coupon, except the first payment, which will be by Treasury cheque. pbftn»A t \t^b7 l TV S and nS P a y ab,e b free of OXchange, at the Treasury, Wellington, or at any Postal MonevOTder Office or branch of tho Bank of New Zealand in the Dominion, or in London or Australia as may be arranged. CONVERSION Hclders of Bonds issued under this Loan will have the option Bonds into five and a half per cent. Inscribed Stock on any half-yearly due date of interest. 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 at Wellington. Lodgments will be made as follows; FULLY-PAID ALLOTMENTS— On application ... ‘ ... tOO per cent. INSTALMENT ALLOTMENTS—--20 per cent, on application (first instalment); 2 °1921 - cent ‘ * SBCOnd instalment), Monday. 10th January, 2 °1921 • C6nt ‘ {third Thursday, 17th February, 2 °l92i r C6nt ’ (fourth instalme «t). Monday, 21st March, 20 per cent, (fifth instalment), Thursday, 28th April, 1921. Instalments may bo prepaid. In case of default in the payment of any instalment at its duo 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 tor Bonds to Bearer as soon as the latter can be prepared. In the caso 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 tho New Zealand Inscribed Stock Act, 1917 (read in conjunction with the New Zealand Loans Act, i 908), and the inscription-books of the Loan will be kept at the Dominion Treasury, at Wellington, where all Treasury* J8 mado ‘ Transfer-forms may be obtained . The Banks have agreed to allow advances at a reasonable rate of interest to clients who desire to invest.in the Loan but who havo prescribed Ga money , to enab l° them to do so within the time nn7 . S?nn tßred 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-hot forwarded as aforesaid, or 01. applications; for Post-office Investments Certificates or on applications made after the closing of the Loan. * POST OFFICE INVESTMENT CERTIFICATES. To enable persons of moderate means to subscribe to the Loan applicatmns wd! be received at any Postal Money-order Office for Post Office Investment Certificates. , * Certificates are repayable, with interest compounded, at the end of five or ten years. Full particulars regarding the Post Office Investment Certi®cates aio ojtamable at any Postal Money-order Office. DEPRECIATION FUND. Provision has been made for the establishment of a special fund not exceeding £50,000 per annum for the purpose of stabilizing tho value of securities issued under the authority of the Discharged Sobhers’ Settlement Act, 1920, and providing, in addition to tho Sinking Funds established under the Public Debt Extinction Act, a further means of reducing the debt. APPLICATIONS WILL CLOSE ON 25th NOVEMBER, 1920, but the Minister of Finance reserves the right to close at a prior date or to extend the period. Treasury, Wellington, N.Z. Ist November, 1920. W.. F. MASSEY, ' Minister of Finance.

It SQ '•y mmn-.i..u«n| | FURNISHING A HOUSE isn’t a thing to be Hehtly connidered. When yon realise that you have to live with your chair.,, tables, bedroom and .. £“‘ n S* ,oom f ulte9 ' floor coverings, etc.- not for just a short period of time, but for years to come -you must make your selection with Infinite care. Better a few room* daintily furnished Than a mansion cold and austere. We will consider it • pleasure and a privilege to help you. We know that from among this large stock of worth-while Furniture and Funmhim!! will find it possible to furnish your house the way you waut it b ** s 7°“ FURNITURE WAREHOUSE COLOMBO ST. (near South Belt) . CHRISTCHURCH Hereyoucau choose your Furniture as you would choose your friends—and after *ll furniture and friendship # W synonymous, for what is a big ea.iv chair but a good friend ? ♦♦♦❖ SPECIAL CONCESSIONS 10 RETURNED MEN

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TS19201030.2.18.3

Bibliographic details

Star (Christchurch), Issue 16261, 30 October 1920, Page 7

Word Count
1,306

Page 7 Advertisements Column 3 Star (Christchurch), Issue 16261, 30 October 1920, Page 7

Page 7 Advertisements Column 3 Star (Christchurch), Issue 16261, 30 October 1920, Page 7

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