NEXT WAR LOAN

Waikato Times, Volume 130, Issue 21664, 26 February 1942, Page 6

NEXT WAR LOAN

SUBSCRIPTION METHOD

MONEY ACCEPTED IN ADVANCE

INVESTIGATION SUGGESTED (By Telegraph.—Pre> s Association; WELLINGTON, Wednesday

“The Reserve Bank of New Zealand has been authorised, said the Prime Minister, the Rt. Hon. P. Fraser (in terms of the War Loans Advance Subscriptions Emergency Regulations, 1942), as from February 27 to accept advance subscriptions for the next war loan, subject to the following terms and conditions:— “Every advance subscription which must be for an amount of £lO or a multiple of that sum, will be applied in the purchase of stock issued in accordance with the prospectus of the next New Zealand Government loan. Interest on advance subscriptions, at a rate which will be specified in the war loan prospectus when issued, will accrue from the date the advance .subscription is lodged, but will not be paid until after the issue of the prospectus and then, of course, in accordance with the provisions con tained therein.

“The War loan to which subscripi tion is applied provides for both long | and short-dated stock. Consequently, ; application for advance subscription i should specify whether long or short- ; dated securities are required. Appli- | cations for long-dated stock and vice | versa provided written notification of ; the required alteration is delivered or ' posted to the Reserve Bank not less than seven days after the opening ! date of the war loan, j “Advance subscriptions may be 1 withdrawn by a subscriber at any 1 time not later than seven days after the opening date of the war loan on ! demand in writing. Interest will not be paid on advance subscriptions ! which are withdrawn.”