TERMS OF THE NEW WAR LOAN
« provision' fob small invesTOBS. By Telegraph— Prae Association. . Christchurch, March 11. Asked if he had any objection to stating what the terms of the War Loan were, Sir Joseph Ward stated today that provision would be made for small investors up to £500 receiving 5 per cent., or its equivalent, by investment in War Certificates or War Bonds through the Post Office. There would be provision made for inscribed stock at 5 per cent, up to £500, upon which income tax would be payable. it would be strictly limited to the investors of £500 in this branch, because of the reasons he had already given, in order to prevent an inflation of the values of money in Now Zealand. Provision would be made also for' 'H P e . r cent., free of income tax, and in addition to that, the compulsory clauses under the law as it now stood would be put into operation wherever it was found to be necessary.
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Dominion, Volume 11, Issue 148, 12 March 1918, Page 4
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167TERMS OF THE NEW WAR LOAN Dominion, Volume 11, Issue 148, 12 March 1918, Page 4
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