Page 2 Advertisements Column 1

Bay of Plenty Beacon, Volume 2, Issue 219, 30 September 1940, Page 2

DOMINION OF NEW ZEALAND .. HEW ZEALAND GOVERNMENT WAR LOAN, 1953 Authorised to be raised in accordance with the provisions of the New Zealand Loans Act, 1932, whereby the interest and principal are a direct charge upon the public revenues of the Dominion. Issue of Stock Repayable Ist October, 1953 Proceeds to be used for equipping and maintaining the armed forces of the Dominion, . .. and for other war purposes. Stock of this issue is non-interest bearing up to the ist October, 1943. Interest will be paid there- r after at the rate of zJ per cent, per annum. A first interest payment of. £1-5-0 per cent, will be made on the Ist April, 1944. PRICE OF ISSUE: £100 per cent. • Payable as follows: - On Application - ' . £30 per cent. Z.'ri" On 16th December, 1940 - - £40 per cent. On 25th March, 1941 £30 per cent. BASIS OF- SUBSCRIPTION. The Minister of Finance has indicated TRANSFERS. The Register of Stock-will be kept at the Reserve Bank of , that for the purposes of the Finance Emergency Regulations 1940 (No. 2) New Zealand, Wellington, where transfers, will be registered without payment he will not regard any person as having subscribed in. due proportion, to his of any fee. Stock will be transferable in amounts of £5 or multiples thereof. means, unless such person has subscribed to this Loan at least the amount of the income-tax payable by him in respect of income derived during the year CERTIFICATES OF TITLE. If Certificates of Title evidencing ownership ended 31st March, 1939, being the tax normally payable in February, 1940, of the stock are required applications should be made on the prescribed form, decreased in the. case of individuals by £50 and in the case of companies by No f ee j s payable for the issue of a Certificate of Title. £70. For the purposes of computing this minimum subscription, which must be calculated to the nearest multiple of £10, any income that was free of INTEREST. Interest on stock of this issue will not commence until the income-tax in the hands of the recipient shall be deemed to have been subject l st October, 1943. Thereafter interest will be paid half-yearly on the lst'April . to such taxation. The tax-free income which would be;, taken into account in and the Ist October: the first payment, being a full six months' interest at this way includes dividends other than those from companies incorporated in the rate of 2* per cent, per annum, will be made on the Ist April, 1944. New Zealand, interest from tax-free Government . Stock and from tax-free Interest will be paid free of inland exchange by means of interest warrants, company debentures, tax-free income derived from abroad, and also farming which will be transmitted by post at the risk of the stockholder. The Reserve income where the land used had an unimproved value of less than £3,000. Bank of. New Zealand will accept directions from stockholders for payment of interest to. any agent in the Dominion; existing instructions for the payment TRUSTEE PROVISION. The Trustee Act, 1908, authorizes trustees to invest Q f i nter est in the Dominion will obtain in respect of this Loan. in Government securities, and special provisions affecting trustees are contained , in Regulation 20 of the Finance Emergency Regulations 1940 (No. 2), the STAMP DUTY. Transfers of stock of this issue will be exempt from Stamp effect of which is that no obligation or limitation imposed on any trustee by Duty. virtue of any trust, instrument, or otherwise shall prevent or excuse him from • compliance with any direction, notice, or requirement under those Regulations. MINORS. Any person of the age of ten years or upwards may be registered „ nr.,.- ■ * * as the holder of stock and may execute transfers thereof. • RIGHT TO CONVERT EXISTING INTEREST-FREE LOANS. Any person who prior to the issue of this Prospectus has made a loan free of EXCHANGE ON REMITTANCES. Cheques in payment of amounts subinterest to the Government for the purposes of the War Expenses Account scribed to this Loan will be accepted free-of inland exchange. , established under Part I of the War Expenses Act, 1939, may apply to convert such loan in whole or in part into an equivalent amount of stock of this issue, CASH APPLICATIONS. Cash Applications, on the prescribed form, will be in which case (but not otherwise) the amount of such original loan thus con- received at the Reserve Bank of New Zealand, Wellington; at the District verted will be regarded as a contribution to this Loan. Treasury Offices at Auckland, Christchurch, pr Dunedin; at any branch of Any person who makes or has made a gift to the War Expenses Account may any Bank in the Dominion, or at any Postal Money-order Office in New reduce his contribution to this loan by the amount of such gift. Zealand. The RESERVE BANK OF NEW ZEALAND gives notice that, on behalf of Applications must be for sums of £10 or for a multiple thereof, and must be i **• f r*** * * j. • <■ . ■ £ #.tio »ceti/> accompanied by s deposit of £30 per cent. o£ the nominal amount or stock - the Minister of Finance, it is authorized to receive applications for the issue accompd eu vy f h of stock in terms of this Prospectus. applied tor. • „ Default in payment at its proper date of any instalment will render any OBJECT OF LOAN. The proceeds of the issue will be paid into the War amounts previously paid liable to forfeiture and the allotment to; cancellation, Expenses Account established under Part I of the War Expenses Act, .1939. aiid the applicant will not be regarded as having contributed to this Loan. ' The loan will be repaid at par at the Reserve Bank of New Prepayment in full or in part may be made at any time. . ' Zealand, Wellington, on the Ist October, 1953, but any stock issued to a person . _ in response to an application made in terms of this Prospectus will be accepted CONVERSION OFFER. Persons who prior to this issue of this Prospectus at par at a**y time before maturity in payment of death duties in respect of . have made loans free of interest to the Government for the purposes .of? the _ that person's estate. War Expenses Account established , under Part I of the War Expenses Act, • 1939, are • offered conversion into an equal nominal amount of stock of. The ultimate repayment of the Public Debt of the Dominion is, in the main, this issue. ' provided for under the Repayment of the Public Debt Act, 1925 in pursuance p ersons wish ing to avail themselves of the offer of conversion in accordance of which New Zealand s debt-reduction resources shall be apphed in thepur. in this p rospectus must transmit their applications on chase and redemption of New Zealand Government secunties the prescribed forms, accompanied by relative documents of. title, if any, to a sum equal to interest at 3i per cent, per annum, of the Debt paid off under Copies of this p ros pectus and forms of cash application may be obtained at this scheme. The Repayment of the Public Debt Act applies to the major Reserye Bjmk of Ncw Zealand, Wellington; at the District Treasury Offices portion of the Dominion's Debt, certain loans for which adequate sinking-fund Auddand> Christchurch , or Dunedin; at any branch of any Bank in the provisions are specifically provided, and also the portion of New s Dominion; at any Postal Money-order Office in New Zealand; or from - War Debt funded with the Imperial Government, having been excluded from members c f any Stock Exchange in the Dominion. the Debt Repayment Scheme. _ ... „ , . «• «■*• it r» Forms of application for the conversion offer are obtainable at the Keserve SECURITIES. New Zealand Government Stock transferable by Memorandum Bank of New Zealand, Wellington, only. , ~ ; : of Transfer will be issued on or after the 25th March, 1941, on surrender of „ • ■ .■ fully-paid Allotment Letters. An advertisement authorised by the Reserve Bank o/ Nezo Zealand, Wellington, 26th September, I94<>THE LIST OF APPLICATIONS WILL BE CLOSED ON 18th OCTOBER, 1940

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