THREE LOANS NEAR MATURITY

Chronicle (Levin), 29 July 1947, Page 5

THREE LOANS NEAR MATURITY

WELLINGTON, July 28. ! Arrangements for dealing with three ( Government loans totalling £8,242,330, all of which mature on September lo Were announced tonight by the Hon-. W. Nash: These inelttde £1,323,850 rural advanees bonds With intei-est at 5 pgr cent, which, however, were reduced by legislation in 1932 to 4 per cent, attd £2,150,700 inscribed stock with interest at 4 per cent. Both of these have bedn eurrent since 1931. Iii additioh £4,767,780, being part of the first Libefty lohn.raised in Mkv 1942, is due for repnymedt oii the same date. "As a Government loan is at present open for subscription earrying 3 per cent per annum, holders of these seCurities may either accept repayment Of apply fOr reinvestittent in the.curfent loan," said Mr. Nash. "This issue has a maturity date of July 15, 1964 bdt With option in favdur of tlie Government to repUy after July 15, 1962, on giving three months' notice. Notices dealing with the maturing loans are bfiing despatched by the Reserve Bank to bond and stockholders whose" a'ddresses' ar'b knoWU. Holders of bearer seCurities oi' any who do not receive a notiCe but desii-e to reinVest, should communicate Witli the Resdrve Bank, mpney order offices, Treasury ofiices, trading bahks' oi- meinbhls of the Stock Exhange.