Page 1 Advertisements Column 3

Hokitika Guardian, 20 March 1918, Page 1

H H H Important If the information you want about War Loan Securities is not supplied by the following answers, call at any Bank or at any local Money-order Office which is open for the sale of these securities. -What is the War Loan, and what is it for ? -It is a loan of. money by tlie people of New Zealand to tlie New Zealand Government to feed, clothe, and maintain onr soldiers, so that they may continue to 'fight, shoulder to shoulder with our Allies for the overthrow of German tyranny. Q.—What is a New Zealand Bearer Bond ? A; —AYlien you lend yoitf money lo tlie New\ Xeiibind Government you get Hie signed promise of tlrd Government of New Zealand to pay principal and interest. It is a direct and unconditional promise ot the .Dominion oDJNow Zealand to pay on certain dates a-specified sum of money, with interest at a specified rate/ .and payable at specific '■ dates until the bond matures. The Bonds are issued to Bearer anduixecuted by tlie Minis! ei* ot hiiumeo tor New Zealand. " A bearer bond is payable to bearer and can be passed from hand hand without the formality of a .transfer. 4he holder for the time being is the recognized owner. -What is the currency of the Bonds to be issued ? -They will be dated Bth April, 1918, and will mature on 15th November, 1998. —What is Inscribed Stock ? -An investment for which no actual certificates are issued to investors, but their names and the amount of stock they hold are Inscribed in the registers kept for the purpose at the Treasury in Wellington. (interest free of New Zealand income-tax) 4w per cent. New Zealand Inscribed Stock has currency to 15th November, 1938, And is obtainable through any bank, postal money-order office, j>r • registered; sharebroker. All inscribed stock and dividends thereon are payable to the person whose name is inscribed in the Register and to no other. Q. -Can I sell.iny War Securities at any time, if I so desire, and can I borrow money on these securities ? -Yes; you can sell your securities at any time, for there is a market lor * New Zealand Government Stock or Bonds. They are considered good security for borrowing money. -Do I get any interest on my money while it is loaned to the Government, and at what rate ? -Yes ; the New Zealand Government will pay you interest at 44 per cent a year on securities issued, free of New Zealand income-tax, apd 5 per cent on Post Office War Loan Inscribed Stock, which ,is not free of New Zealand income-tax. -How do I collect the interest on Bonds, and how often do I get it ? > A.~ -Attached to each bond are' interest coupons, one l'or each six months’ period. When the interest date ''arrives 1 '- von cut oil tlie interest of that date and lake it to the Treasury or to any Aew Zealand branch of the Bank of New- Zealand or postal money-order office, where it will be cashed. The interest-will be paid every 15th of May and loth of November. The first payment will date from Bth April, 1918. _ ’ Q; A', How do I collect the interest on Inscribed Stock, and how often do ,1 get it ? -Each six'months, as the interest falls due, the Treasury will post yi a cheque in payment of the interest.^— Q. -If 1 should sell my Bearer Bond, how shall I transfer it to the new owner ? A.--If it is a coupou-hearer-bond,_ merely by delivery. . Just hand-it to the new owner. Q. —Supposing I sell my Inscribed Stock ? A. "ion obtain a transfer form from the Treasury and fill it up in accordr ance with directions given thereon. S Q--New Zealand Government Bonds and Stock are frequently spoken of' as “best security in the world." Why is this true ? A.—Because the promise id pay is backed by the faith and honour of the Dominion of New Zealand and bv the taxing-power of the i whole country, which in natural resources is one of the richest countries in the world. A.--Are War Securities exempt from taxation ? -The interest on 41 per cent bonds and stock is exempt from tax. but the 5 per cent Post Office War Loan Inscribed Stock is not exempt from New Zealand income-tax. Q.~On what will the proceeds of this loan be spent ? A. —The proeeedshif this loan will be used for war purposes only. Q. —How can I buy War Loan Securities ? A.—By filling in an application form at any bank or postal money-order or broker’s office on or before the Bth April, 1918, and by pavin" the necessary amount. ° Q. —As a practical matter, will I have any difficulty in attending to v these details ? A.--None at all. The New Zealand Treasury, or any bank, registered broker, or postal money-order - office will gladly give you full instructions at any time without ch Q.—When I hand my application and money to the bank or money-order office what do I receive ? A. —You will receive a provisional receipt for the amount paid.'" Q. —How long do 1 hold receipts for Bonds ? A.—Until the bonds are printed and distributed from the nearest postal moiiev-order office, when ihe receipts must be exchanged for the bonds. . . Q. —What do 1 receive in acknowledgment of an investment in Inscribed Stock? A.—You receive a provisional receipt, and When the amount is fully paid up a Certificate of Inscription, signed by the Registrar of New Zealand Inscribed Stock, will be jposted direct to you. Q -What are the particular advantages of investing in Inscribed Stock as compared with Bearer Bonds ? A.—You would lie relieved of negoti mid lie relieved of all anxiety regarding the custody of iable documents, such as a bearer-bond, and of the necessity of cutting oil: and presenting interest coupons lor payment. In the Q. case of Inscribed Stock Hie interest is remitted to you direct by cheque from the Treasury. Bearer Bonds sometimes preferred to Inscribed -Why are Stock 4 A. —Because they can he deposited as security or disposed of qt the immediate option of the holder, and without application to the Treasuiy. Q. —What is Post Office War Loan Inscribed Stock ? -Post Office IVar Loan Inscribed Stock is issued for the benefit of small investors, having a shorter currency and higher rate of interest —5 per cent, which, however, is not free oi/Ncw Zealand - income-tax. Individual holdings are limited to £500,, and must be. fully paid up. Minimum investment, £IOO. q—if J w j s h to assist my country in the fight for freedom but .have /only small means, how can Ido so? A. -By purchasing a POST OFFICE WAR CERTIFICATE (free of Income-tax) at any Postal Money-order Office. Repayable in TEN Years. Repayable in FIVE Years. H K LET OMPT. All may not be-'able to fight with gun, bomb, and bayonet, but all can help by making tlieir money fight. Lend ail you can afford to your country to-day, so that the brave men who fight may have the means to secure victory, and return to their homes again. J. G. WARD, Wellington, 16th Maxell, 1918. Minister of Finance. H ita a a I “ “ unuauuMnnia “1 “ ■ » « ■!■■■■■■■ mm ■» nliin ah mjhii mJLmW

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