HELP WIN THE WAR!

Dominion, Volume 9, Issue 2845, 9 August 1916, Page 6

HELP WIN THE WAR!

WAR LOAN

AN ATTRACTIVE INVESTMENT

At the end of the present week the Government will have the certificates for the war loan available for disposal over tho counter at the post offices, and very adequate preparations have been mado to place the essential details beforo tho investing public of tho Dominion. It is confidently expected that there will be an eager demand for tlio certificates. According to a circular about to lio issued by tho Minister of Finance, the certificates will be issued to tho public in two values, viz., £1 and £10. These certificates, printed on special white paper, and personally signed by tho postmaster issuing thorn, aro about the, size of an ordinary bank note, the lottorpress (in black ink) being as follows:—"Dominion of Now Zealand War Loan Certificate (in heavy old English type). Issued under the Finance Act. 1916. On presentation at any Money Order Office in New Zealand the bearer of this certificate will receive the sum of one pound sterling five years after dato hereon. Date, . Signature, (Postmaster). Office (space). Stamp. Joseph Georgo Ward, Minister of Finance."

The valuo of tho certificate (either £1 or £10) is printed four times in clear bold black type. It will be noticed that* tho certificate is made payable to bearer, which makes it r, negotiable security, though tliero is not likely to be much traffic with them until after the date on which they become payable. Tho circular further says:— "These certificates may bo obtained at any postal money order office in New Zealand, ajid only at such offices. On payment of lCs. in cash a certificate* for £1, payable in fivo years, will be issued; and on payment of £8 a certificate for £10, payable in five years. All other amounts required can bo made up by combination' of £1 and £10 certificates—thus for £25, two £10's, and fivo £l's will be issued. Applicants wishing to invest moro than £50 should apply for war bonds, which are issued for larger sums, with, coupons a ttachcd for the collection of interest half-yearly; seo special circular. The war loan certificates are for tho small investor. He receives tho same interest as the large investor, and tho amount payable at tho end of five years includes compound interest at 4i per cent, on the purchase price. The certificates will bo payable to bearor and can, therefore, be sold or transferred from one person to another."

. _ The most attractive feature in the issue of tho certificates, and oho that will appeal particularly to the small investor, is the arrangement that a £1 certificate will not cost £1, but 165., and the £10 certificate only £8, its actual face value only being realisable at the termination of tho five-year poriod.

It is anticipated that the issuo of certificates and war bonds will affect the Government Savings Bank deposits owing to tho better rato of interest given with the same gilt-edged security. Tho only compensation against these withdrawals is the fact that ins money is available for uso for five years.