Page 4 Advertisements Column 4

Horowhenua Chronicle, 16 August 1916, Page 4

New Zealand Government 4l Perl Cent. WAR BONDS. (Free of New Zealand Income-tax.) I Issue of £8,000,000* THE Government hereby invites the Public of New Zealand to subscribe I 1 £8 000,000, authorised to be raised under the Finance Act, 1916, and pursuant I to the New' Zealand Loans Act, 1908, as amended by the New Zealand Loans Amend- g ment Act, 1915, for the purpose of carrying' on the present War. The Loan is by Act of Parliament made a charge on the Consolidated Revenue of the Dominion. WAR BONDS will be issued on the following terms: Price of issue : • : Par. . Rate of interest 4i per cent, free of income-tax. Term of Loan : : 14 years or 25 years. No Bond will be issued for less than £50, but small investors may subscribe sums of £1 up to £50 at the Post Office. Interest will be paid half-yearly at the Treasury, Wellington, or at any branch of the Bank of New Zealand, or in London or Australia as may be arranged, on ist March and ist September in each year. TW Firm Clou non rr-nresenting interest accrued upon the various instalments, from the date upon which become payable, up to 28th February, 1917, will be paid on Ist March, 1917. Interest 011 the deposit will date from the Ist beptembei, IJI6. LffiDfSMENTS, Form of application may be obtained and lodgments made at any Postal Money Order Office, at any Banlc, or at the Treasury Offices. Wellington. Instalments may be prepaid if desired, but the prepayment of an instalment will not entitle the subscriber to interest, in respect of the first Coupon, m addition to that provided above. Lodgments will be made as follows: 25 per cent, to accompany application; 25 per cent., 2nd October, 1916; J" 25 per cent., Ist December, 19115; ' I 25 per cent-., Ist February, 1917. I FTWNCI-' reserves the rMit to accept the whole or any part of amount applied for, or to decline an.v application. 8 THE MINISTER <Jl' ;' lu , . unou|lt jL'tj.ooo.ooo, the Minister of Finance reserves the light to accept *ucli ««>,:« or mj part ■ th x u and Auditor-General will make the allotment, a such is necessary. 'IN ("VSK OF ACOEfTANCE oi part only of amount applied for, the surplus of the amount paid as deposit will be appropriated towards t the payment of subsequent instalments. interest will not be paid, in respect of amounts which are not accepted. IN CASE OF DEFAULT in Payment of any instalment at its doe date, the deposit and instalment previously paid will be liable to torfeitere. I.NTEHIM REOJtiIFTS will be issued for Lodgments and mu.st be ret'aiuod and presented in exchange for War Bonds when ready for issue. '■ uiyio, V TO BEVRKK. with Coupons attached, will be issue. I alter the full subscription lias been paid, in denominations ol „ £50 £100 £500, £1.000, or cuch higher denominations as may be arranged, and. will be-repayable at par in New Zealand at date of maturity. , THE BONDS ARE GOVERNMENT SECURITIES IN WHICH TRI.'STI'ES ARE AUTHORISED TO INVJiST FtLW. AN ANNUAL SINKING FUND m PROVIDED FOR TITE REPAYMENT OF THE LOAN. in nr i/"* i TIAIVTC c ' ose on the 3lst August, 1916, but ArrLILA 1 lUilo the Minister of Finance reserves the right to close at a prior date, or to extend the period. JOSEPH GEORGE WARD , MINISTER OF FINANCE I Treasury, Wellington, N. Z., ja ~{ stli August, 1916.