FREE-OF-INCOME TAX BONDS
NOT TO BE RE-ISSUED
MR. MASSEY SUGGESTS A "GOOD BUY"
Die possibility of arranging for a cm? fr b) 7 of exchange of 41 per tent, free of income tax war bonds for r»?,f n +L J l W cellt ' issue ' 60 M t( > Pre--nfc tho holders of tho tax-free debeuluies from escaping the payment of their -J- * i - 0 ' w , ns su SS e3 ted to the I.limo Minister m the Ifouso of Repre.seihnhvea yesterday afternoon 'by Dr. ■ir C -Jr. (Cbristchurch East). Mr M'assey replied that to give effect to the suggestion would intcrfero with the Government's finances. If the exchange were made the Government would not be getting what it required. He would bo able to make a statement later on to show that tho number of 4J per cent, tax-free debentures now current would be reduced before the end of the present year. Part of the ten million loan falling due whs made up of theso tax-free bonds and they would not be reissued.
■Dr. Thncker: You can only get Jfllß now for the per cent. Mr. -Massey: I would advise you to buy. They arc a good buy at the price.
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https://paperspast.natlib.govt.nz/newspapers/DOM19201002.2.23
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Dominion, Volume 14, Issue 6, 2 October 1920, Page 6
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199FREE-OF-INCOME TAX BONDS Dominion, Volume 14, Issue 6, 2 October 1920, Page 6
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