WAR LOAN
Sir,—There is one question I should like answered before the new war Joan is put on the market. A man pays .£IOO for a war loan bond. If he tries to pell that bond any time, the brokers offer him .£97 10s. for it, meaning that because lie endeavours to lend what ho can afford to the Government he not only receives a low rate of interest but loses i' 2 10s. on every hundred pounds. Perhaps Sir Joseph Ward will explain who Rets the profits, and.why any money should be deducted from the war bond.— I am, etc., A SMALL INVESTOR. [The foregoing letter was brought under the notice of the Right Hon. Sir Joseph Ward, Minister of Finance, and he said: "War bonds are like other securities when put on the market, and the Government cannot control the market value. The valun may rise above par («C100) or it may fall below par. When the'bonds mature the Government undertakes to redeem them at their full value, hut cannot control their value during currency."]
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https://paperspast.natlib.govt.nz/newspapers/DOM19181204.2.54
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Dominion, Volume 12, Issue 59, 4 December 1918, Page 6
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177WAR LOAN Dominion, Volume 12, Issue 59, 4 December 1918, Page 6
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