NATIONAL SAVINGS BONDS

Bay of Plenty Beacon, Volume 9, Issue 14, 12 October 1945, Page 8

NATIONAL SAVINGS BONDS

MATURITY OF FIRST ISSUE "The first National Savings Bonds which Ave re issued 12 months alter the commencement of fall due lor payment on the 10th said Mr T. N. Smallwood, Chairman of the N.Z. National Savings Committee when outlining the procedure for the repayment of Bonds. "Each Bond matures five years from the. date of issue shown on its face and at the expiration of that term may be presented for payment at any Money Order Office in the Dominion. This applies to all Bonds whether issued during War Loans or at any time since October } 19-10. "Bonds were issued in three denominations the first issues having maturity values of £1; £10 and ."100. In later the. purchase prices were increased with a corresponding increase in maturity or nominal values, which are shown on the face of the Bonds." Mr Smallwood emphasised that Bond holders, who now and in the future will be presenting Bonds for payment will enjoy si reward for a most valuable duty performed in the early days of the war. "I trust" added Mr "all such will feel a measure of satisfaction in the knowledge of having assisted their countr}' in a time of grave «wiergency. '•lii view of the continued need for saving and for the restriction of civilian consumption so that returning servicemen may satisfy their emergency or in special circummay wonder what is the best thing to do Avith the money they Avill be receiving. May I concluded Mr Smallwood "that the most 9 effective Avay of assisting our' country at the present time is to invest such maturing Bond money in a National Savings' Account Avhich Avill earn interest at 3 per cent. Money im-ested up to the 80tli June next is repayable on the 30h June 1948, but provision exists for the withdrawal in the event of hardship, urgent needs ? many Bond holders stances."