B.— 6

3. Registration.—The Register of Stock will be kept at the Reserve Bank of New Zealand, Wellington, where transfers will be registered free of charge. Any minor of the age of ten years or upwards is entitled to be registered as the holder of Stock and to execute transfers thereof. Ordinary Stock and Death Duty Stock will be registered in the names of the applicant, and Registration Certificates will be issued as soon as possible after payment of the full amount applied for has been made. If a Certificate of Title is required application should be made on the prescribed form. 4. Interest.—lnterest will be paid half-yearly on the 15th February and 15th August in each year, and the first payment representing interest from the dates of the deposits up to the 15th February, 1945, will be made on that date. The first payment will in every ease be made to the original subscriber and will be paid by means of warrants forwarded by post from the Reserve Bank of New Zealand. Subsequent payments on Ordinary Stock and Death Duty Stock will be made by means of interest warrants forwarded to the stockholder as at the due date of payment. The Reserve Bank of New Zealand, however, will accept directions from stockholders for payment of interest to any agent in the Dominion, and existing instructions for the payment of interest will apply to all Stock issued in terms of this Prospectus. Interest on Stock Certificates other than the first payment, which will be paid in accordance with the provisions outlined in the second paragraph of this section, will be paid by means of coupons annexed to the Certificates. 5. Repayment.—lf not previously redeemed, Stock of the 2|-per-cent. Loan 1949/50 will bo repaid at par at the Reserve Bank of New Zealand on the 15th February, 1950, and Stock of the 3-per-cent. Loan 1955/58 will be repaid at par at the Reserve Bank of New Zealand on the 15th February, 1958, but the Minister of Finance reserves the right to repay at par the 2-|-per-cent. Loan at any time on or after the 15th February, 1949, and the 3-per-cent. Loan at any time on or after the 15th February, 1955, on giving at least three months' notice in the New Zealand Gazette of his intention to repay. 6. Trustee Investment.—Trustees are authorized by the Trustee Act, 1908, to invest in New Zealand Government Stock unless expressly forbidden by the instrument (if any) creating the trust. 7. Receiving Offices. —Applications, which must be for an amount of £10 or multiples thereof, and which must be accompanied by a remittance for the full issue price or the required deposit of £30 per cent., may be lodged at the Reserve Bank of New Zealand, Wellington, at any branch of any bank in New Zealand, including Trustee savings-banks, at the District Treasury Offices at Auckland, Christchurch, or Dunedin, or at any postal money-order office in New Zealand. Copies of this Prospectus and forms of application may be obtained from any of the above offices, and, in addition, may also be obtained from members of any Stock Exchange in the Dominion. 8. Commission,—Commission at the rate of ss, per £100 of Stock issued will be allowed to bankers and registered sharebrokers. The Minister of Finance reserves the right to accept applications exceeding' in the aggregate £40,000,000. Loan closes 4th October, 1944. Reserve Bank of New Zealand, Wellington, 28th August, 1944.

Copy of Prospectus of London Conversion Loan Notice to Holders of New Zealand Government 4% per Cent. Inscribed Stock, 1945, and New Zealand Government; 3 per Cent. Inscribed Stock, 1945 Consent of the Treasury has been obtained to this issue under Regulation 6 of the Defence (Finance) Regulations, 1939 ISSUE OP £17,238,187 NEW ZEALAND GOVERNMENT 3J% STOCK, 1962-1965 AT THE PRICE OP £99: 10s. PER CENT. Interest payable half-yearly on the Ist March and Ist September The Government of New Zealand have observed the conditions prescribed under the Colonial Stock Act, 1900, as notified in the London Gazette of the 14th December, 1900, and the Stock is, therefore, an investment authorized under the Trustee Act, 1925, and the Trusts (Scotland) Act, 1921. Offer of Exchange to Holders of £7,580,907 New Zealand Government 4% per Cent. Inscribed Stock, 1945, which is repayable on the Ist March, 1945, and £9,657,380 New Zealand Government 3 per Cent. Inscribed Stock, 1945, which is repayable <m the• Ist April 1945. The Governor and Company of the Bank of England give notice that, on behalf of the Agents appointed for raising and managing Loans under the New Zealand Loans Act, 1932, they are authorized to offer, to holders of the 4J- per Cent, and 3 per Cent. Stocks above mentioned, New Zealand Government 3£ per Cent, Stock, 1962-1965, in exchange for their

VII