* ' ' S ■' I /© I I■ i ' I (Free of New Zealand Income Ta^) e • j ■ -. j J " " : ' •' ■' | " ■ i | P-' ■ . ~ .: v, =====■.. i. •.! .==a , . I I jj '• ' ' ' ■ ! j .......&* .. j t y ! \ I I ~:■.." ■.■■v.-.-v..„■:., .. 1 ,..: r .„ w ..g. j ' [ '.'!'■ [ ■ '■>'.• ■ '■■ | T* HE SQYEENMENT hereby invites the publie of New Zealand to subscribe £8,000,000 ! | 4- authorized to be raised under the Finance £cfc, 1916, and pursuant to the New ! ..] 1 iili Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act,, . j j 11915, for the purpose of carrying on the present War. ' ' I The Loan is by Act of Parliament made a charge on the consolidated revenue of the j I !. Dominion. ' I . ■! | -. I . '-. .] War Bonds will be issued on the following terras 2— ,1 j Price of Issue - \ Par. Rate of Interest - Q7 O free of Income Tax* I" Term s of Loan - 14 years or 25 years. | I ' ..'■■'": No Bond "will be issued for less-than £50, but small investors may subscribe sums of ! .. £1 up to £50 at the Post Office. j [ Interest will be paid half-yearly at the Treasury, Wellington j or at any Branch of the Bank of New Zealand, or in London j I or Australia, as may be arranged, on Ist March and Ist !■ September in each year. i ■ •. ;- ' : ■■ 'I '■ I The first Coupon, representing interest accrued upon the various instalments, from the \ . date upon which they severally become payable, up to 28th February, 1917, will be paid on j I ist'March, 1917. Interest on the deposit will date from the Ist September, 1916. I j l ■ , \ ■ : j Lodgments. —Forms of Application may be obtained and lodgments made at any ! \ Postal Money Order Office, at any Bank, or at the Treasury Offices, Wellington. j S Instalments may be prepaid if desired, but prepayment of any instalment will not entitle . . | the subscriber to interest, in respect of the first Coupon, in addition to that provided above. ! '■ " . ' ■ '''.'•! : ' ■: Lodgments will be made as follows: : | 25 per cent, deposit to accompany application \ \ | 25 per cent., 2nd October, 1916; ! ! I 25 per cent., Ist December, 1916; > '■' | , 25 per cent., Ist February, 1917; ■'..■:'! 'I• ' I i \ The Minister of Finance reserves the right to accept the whole or any part of amonnt j j » applied for, or decline any application. Should the total applied for exceed the amount of j . • i £8,000,000, the Minister o£ Finance reserves the right to accept such excess or any part I.'.'! \ thereof. The Controller and Auditor-General will make the allotment, if such is necessary. j \ I In case of acceptance of part only of amount applied for, the surplus of the amount paid as ] I deposit will be appropriated towards the payment of subsequent instalments. j Interest will not be paid in respect of amounts which are not accepted. t ~ [ In case of default in payment of any instalment at its due date, the deposit and instalments j previously paid will be liable to forfeiture. 5 Interim receipts will be issued for lodgments and must be retained and presented in exchange • I for War Bonds, when ready for issue. i Bonds payable to Bearer, with Coupons attached, will be issued after the full subscription has ! I been paid, in denominations of £50, £100, £500, £1,000, or such higher denominations as may [ be arranged, and will be repayable at par in 2few Zealand at date of maturity. j The Bonds are Government Securities in which Trustees are authorised to invest trust funds. j An annual sinking fund is provided for the repayment of the Loan. I ■ ■> Applications will close on the 21st August, 1916, but the Minister of Finance reserves j j the right to close at a prior date, or to extend the period. j jj JOSEPH GEORGE WARD, | I Minister of Finance, j a Tkbasuhy, Weiaikgton. N.Z., I ! 1 Tith August. lOlii. I
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Dominion, Volume 9, Issue 2854, 19 August 1916, Page 7
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639Page 7 Advertisements Column 3 Dominion, Volume 9, Issue 2854, 19 August 1916, Page 7
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