WAR LOAN
Advance Subscriptions
A statement that advance subscriptions to the next war loan may be made on and after today, was made on Saturday by the Acting-Minister of Finance, Air. Fraser. Advance subscriptions will be received by the Reserve Bank or by any trading bank or postal money-order office. Subscribers will be required to indicate whether they desire short or long-term stock, but the rates of interest and currencies of the respective issues will not ■be determined until the terms of the next war loan are announced later in the year, when advance subscribers will have the option of confirming their subscriptions or of withdrawing the whole or portion of the subscription. Confirmed subscriptions will earn interest from the date on which the money is lodged but no interest will be paid in respect of amounts withdrawn under the option. Air. Fraser said that subscriptions received in Advance of the two war loans issued last year totalled over £4,600.000, and he hoped that advantage would be taken of the reintroduetion of the scheme for the immediate investment of moneys in anticipation of the loans which would be necessary to finance expenditure fo" war purposes during' the next financial year.
Permanent link to this item
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https://paperspast.natlib.govt.nz/newspapers/DOM19430201.2.29
Bibliographic details
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Dominion, Volume 36, Issue 108, 1 February 1943, Page 4
Word count
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200WAR LOAN Dominion, Volume 36, Issue 108, 1 February 1943, Page 4
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