P.O. WAR LOAN CERTIFICATES

Wanganui Chronicle, Volume LXXVI, Issue 18231, 16 July 1921, Page 5

P.O. WAR LOAN CERTIFICATES

ARRANGEMENTS FOR RENEWALS (Per Press Association), WELLINGTON, July 15. Post Office war loans certificates purchased during the early years of the war will commence to mature next month, and arrangements are being made to enable holders to renew their, investments in Government securities at increased rate of interest. The Post Office will accept war loan certificates on maturity at face value for investment in inscribed’ stoek or bearer bonds at six per cent, interest, payable half-yearly, with ten . years’ currency to Ist August, 1931. " Inscribed stock will be issued in multiples of £lo,with a minimum of £lOO, and bearer bonds for £5O, £lOO, £5OO or £lOOO, as may be required. For those holders who de sire to invest for a shorter term, or who are prepared to renew their certificates, the Post Office will exchange their present certificates on maturity for investment certificates with a currency of five or ten years, bearing interest at 5J per'cent. compounded annually. Holders who cannot renew may, if they wish, arrange by personal application at any postal money order office for the proceeds of their war loan certificates to be placed to their credit with the Post Office Savings Bank. It is hoped holders of Post Office war loan certificates will, in view of the advantageous terms offered, leave as much money in the hands of the Government as possible.