Page 2 Advertisements Column 2

Bay of Plenty Beacon, Volume 3, Issue 258, 15 January 1941, Page 2

DOMINION OF NEW ZEALAND NEW ZEALAND GOVERNMENT NATIONAL DEVELOPMENT LOANS Authorised to be raised in accordance with the provisions of the New Zealand Loans Act- 1912. the interest and principal are a direct charge upon the public revenues of the Dominion* Issue of Stock in either of the following forms: per cent. Stock 3 per cent. Stock repayable 15th January, 1956/1959 repayable 15th July, 1945 First interest payment, 15th July, 1941 First interest payment, 15th July, 1941 PRICE OF ISSUE: PRICE OF ISSUE: £97 ss. per cent. £100 per cent. Payable on Application Payable on Application B interest payable 15th January and 15th July i . \ THE RESERVE BANK OF NEW ZEALAND gives notice that, on be- The ultimate repayment of the Public Debt of the Dominion is, in the main, half of the Minister of Finance it is authorised to receive applica- provided for under the Repayment of the Public Debt Act, 1925, in purtions for the issue of stock in terms of this Prospectus. suance of which New Zealand's debt-reduction resources shall be applied in the purchase and redemption of New Zealand Government securities at PURPOSE OF LOANS. The proceeds of these Loans are to be utilised or before maturity. For this purpose there is issued annually out of the - ~ for general developmental purposes comprising railway construction and Consolidated Fund a sum equal to i per cent, of the Debt affected, and to improvement, hydro-electric development, land development and afforesta- this is added a sum equal to 3 J per cent, per annum of the Debt paid off tion, housing, roads and highways, and public buildings, including telegraph under this scheme. The Repayment of the Public Debt Act applies to the and telephone extension. major portion of the Dominion's Debt, certain loans for which adequate sinking-fund provisions are specifically provided, and also the portion -of SECURITIES. New Zealand Government Stock will be issued in either New Zealand's War Debt funded with the Imperial Government, having q£ the following forms as applicants may direct:— been excluded from the Debt Repayment Scheme. »- J - « (1) Registered Stock transferable by Memorandum of Transfer. TRANSFERS. The Register of Stock will be kept at the Reserve Bank of (2) Stock Certificate(s) to bearer with coupons annexed. New Zealand, Wellington, where transfers will be registered without pay- j> - Registered Stock will be convertible into Stock Certificates to bearer, ™ ent f fee * Stock will be transferable in amounts of £5 or multiples and Stock Certificates will be convertible into Registered Stock, without pay- ereo . _ _ "v ment of any fee. Stock Certificates (until the name of some person is inserted therein as the holder) are transferable by delivery. A TRUSTEE INVESTMENT. Trustees may invest in these Loans under tttic T r r* sc * c tvi * ,he po, r s of d- Trustee A« 190S, unie!s forbidden by 4. i„strument (if any) creating the Trust. " . , . L • t r* sc + t T vt 7 No fee is payable for the issue of a Certificate of Title. INTEREST. Interest will be paid half-yearly on the 15th January and 15th STAMP DUTY. Transfers of this stock will be exempt from Stamp Duty. July. The first interest payment will be calculated from the date on which the application, accompanied by payment in full, is lodged with any Re- MINORS. Any person of the age of ten years or upwards may be registered ,>• ceiving Agency nominated in this Prospectus, and will be made on the half- as the holder of stock and may execute transfers thereof. yearly interest date next following that date. Interest on Registered Stock f will be paid free of inland exchange by means of interest warrants, which EXCHANGE ON REMITTANCES. C eques in paymen o will be transmitted by post at the risk of the stockholder. The Reserve subscribed to these Loans will be accepted free of tn ana exc ange. Bank of New Zealand will accept directions from stockholders for pay- APPLICATIONS. Applications, which must be accompanied by a remitment of interest to any agent in the Dominion; existing instructions for the tance for the f u u ; ssue pr j ce Q f t h e stock applied for, will be received at the ; payment of interest in the Dominion will obtain in respect of these Loans. Reserve Bank of New Zealand, Wellington; at the District Treasury Offices ■ Interest on Stock Certificates to bearer will be paid free of inland ex- at Auc j clan d, Christchurch, or Dunedin; at any branch of any Bank in the . change by means of coupons annexed to the Certificates. Interest coupons rWimion or at anv Postal Money-order Office in New Zealand. - may be presented at the Reserve Bank of New Zealand, Wellington; at any Dominion, or at any ios y m branch of the Bank of New Zealand in the Dominion; or at any Postai Applications must be for sums of £10 or for a multiple thereof. Money-order Office in New Zealand. Commission at the rate of ss. per £100 stock will be allowed to bankers and registered sharebrokers on applications bearing their stamp. REDEMPTION OF LOANS. If not previously redeemed, the 31 per cent. . . , , r ann i; ral ; on mav u e obtained Loan 1956/1959 will be paid off at par at the Reserve Bank of New Zea- Cj>P£* of tis ™*P ec s a Zealand , Wellington* at the District land on the 15th January, 1959, but the Minister of Finance reserves the xleasury Offices at Auckland, or Dunedin; at any branch right to repay at par at any time on or after the 15th January, 1956 on Treasu:ry Dom inion at any Postal Money-order Office in New giving three months notice in the New Zealand Gazette of his intention | ea *J d . Qr f rom me mbers of any Stock Exchange in the Dominion. to repay. • ' If not previously redeemed, the 3 per cent. Loan 1945 will be paid off at / j n advertisement authorised by the Reserve Bank of New Z-ealand, Wellington, par at the Reserve Bank of New Zealand on the 15th July, 1945. 3rd January, 1941. The list of applications will be opened forthwith and may be closed as regards either stock at any time determined by the Minister of Finance. FOR lEW YIR 1 . I Wash out Washday Worries with a ramson and rae I SUMM ELECTRIC WASHER ANNOUNCE THE ARRIVAL OF NUMEROUS NEW LINES THE IDEAL GIFT FOR XMAS AND INDEED, CUR-RANTS TINNED PEACHES THE WHOLE YEARSULTANAS TINNED APRICOTS CALL AND INSPECT THE VERY LATEST RAISINS TINNED PEARS * STREAMLINED MODEL. PEEL TINNED PINEAPPLE REASONABLY PRICED AT ONLY £39 10/-. MIXED FRUIT TINNED FRUIT SALAD | | CHERRIES TINNED GREENGAGES I " ALMONDS I I E, W. MATTHEWS y' ABso good ranics€ of Gift 6ioods. Crockery, Enamel Ware, etc. j| SOLE G MILKER AGENT • INSPECTION INVITED. fhor.e 228 1 Phone 118 The Stem d, Whakatane Bel 3S