NEW LIBERTY LOAN
FOR WAR PURPOSES
ISSUE. OF £10,000,000
The New Zealand Government has authorised the second Liberty Loan for £10,000,000 which will be devoted to war purpose;?. The loan opened yesterday and will be open for subscription till November 14. Issues may be taken up in either of the following forms: —- 2/2 P er cent Stock repayable 15th May, 1948. 3 per cent Stock repayable 15th May, 1952-56. Price of Issue: £100 per cent. Payable in full at time of application or by instalments as follows:— £30 per cent on application. £30 per cent on the 15th December, 1942. £40 per cent on the 27th January, 1943. 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. The Reserve Bank of New Zealand has been authorised by the Minister of Finance to receive applications for £10,000,000 New Zealand Government Stock as above. 1. The proceeds of the issue will be paid to the War Expenses Account established under Part I of the War Expenses Act, 1939. 2. Applications 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, at any branch of any bank in New Zealand, including Trustee Savings-banks, at the District Treasury Office at Auckland, Christchurch and Dunedin, or at any postal money order office in New Zaland. Applications must be for an amount of £10 or multiples there of. 3. Subscriptions may be paid in full at the time of application or by instalments! comprising £30 per cent on application, £30 per cent on the 15th December, 1942, and £40 per cent on the 27th January,, 1943. Cheques in payment of deposits or instalments will be accepted free of inland 1 * exchange. 4. Defaullt in payment of any instalment at its proper due date renders any sum previously paid liable to forfeiture and the relative allotment liable to cancellation.
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https://paperspast.natlib.govt.nz/newspapers/BPB19421013.2.27
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Bay of Plenty Beacon, Volume 6, Issue 14, 13 October 1942, Page 5
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342NEW LIBERTY LOAN Bay of Plenty Beacon, Volume 6, Issue 14, 13 October 1942, Page 5
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