i " JO' . j ..' . | ."■■■ (F&ee ©f New Zealand feicome Tax). |j l ■•.•'.■■..'■.. \ ..'/.' :.° ■ , ' a ' '| • • ' P ■• i '-,;'■' ts—~' : , ■ .11,1,- ~. ' =0 ■ I J nF JatE GOVERNMENT- hereby invites the public of New Zealand to subscribe £8j000,00() \ 1 .- authorized to be raised under'the Finance Act, 1916, and.pursuant to the New j ' • &§8 Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act, jj> ']' .:.'.. ' 1915, for the purpose.of carrying on the present War. ' l T The Loan is by Act of Parliament made a charge on the consolidated revenue of the f 1 "I . Bominion. . i ■'''".'('■'■.'■■."'•■• !■ | ' War Bonds will be issued on the following terms H j ■■■•.'•■ i '■•.'■'■'■■.■ •'•••' . . | I Price of Issue - Par. , ! I Rate of Interest - . 41% free of Income Tax. I ■' I Term of Loan * 14 years or 25 years. | .' ■"■■' I iNo Bond -wiU be issued for less than £50, but small investors may subscribe sums of I ' to £50 at the Post Office.. ;' . /; II Interest will be paid half-yearly at the Treasury, Wellington j or at any Branch of the Bank of New Zealand, or in London . U (. or Australia, as may be arranged, on Ist March and Ist U i September in each year. \\ \ \ . .■■.■■,...' '' . [s - • '"'■ -t ' . ■ ' ' ". « ■■I The first Coupon, representing interest accrued upon the various instalments, from the | ' j■' ;' date.upon which they severally become payable, up to 28th February, 1917, will be paid on jj I : ist March, 1917. Interest on the deposit will date from the Ist September, 1916. Jjj ! '.:''.•'■'• 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 V Instalments may be prepaid if/desired,, but prepayment of any instalment will not entitle \ i the subscriber to interest,'in respect of the first Coupon, in addition to that provided above. , \ ■'■'■■' • ! '." ■■■■■■ ■■'■'■'■.■■ " ' ",■'•■■■''"■.'' I I Lodgments will be made as follows: j I 25 per cent, deposit to accompany application j | , | 25 per cent., 2nd October, 1916; j. , j 25 per cent., Ist December, 1916; j . | 25 percent., Ist February, 1917 ;. ~ | i • ■■.'■■' . ■ . ' i • ■ ! The' Minister of Finance reserves the right to accept the whole or any part of amount • g j ■ ■■■■ appKed for, or decline any application. Should the total applied for exceed the amount of \ |' . £8,000,000, the Minister of Finance reserves the right to accept such excess or any part j | thereof. The Controller, and Auditor-General will make the allotment, if such is necessary'. \ !■'■■'.''. -..-.'■ f \ Incase of acceptance of part only of amount applied for, the surplus of the amount paid as | ~'\ deposit will be appropriated towards the payment of subsequent instalments. If S '' H " j ' Interest will not be paid in respect of amounts which are not accepted. \ | ' In case of default in payment of any instalment at its due date, the deposit and instalments I previously paid will be liable to forfeiture. ( J ! ' . ' $ i 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, £l ; 000- or such higher denominations as may . j ! ■" ' be 'arranged, and will be repayable at par in New Zealand at date of maturity. 5 ■ x •: j ! .. . . The Bonds are Government Securities in which Trustees are authorised to invest trust funds. ; ' v " I An annual sinking fund is provided for the repayment of the Loan. , ' \\ ! Applications will close on the 21st August, 1916, but the Minister of Finance reserves \ the right to close at a prior date, or to extend the period. U \\ JOSEPH GEORGE WARD, ! I . . Minister of Finance. \ - •■ Treasury, Wbmincwon, N.Z., M ! sth August, 1916. -' l|
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Dominion, Volume 9, Issue 2855, 21 August 1916, Page 7
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619Page 7 Advertisements Column 1 Dominion, Volume 9, Issue 2855, 21 August 1916, Page 7
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