1916 WAR BONDS
RENEWAL OFFERED HOLDERS. (By Telegraph—Per Press Association ! WELLINGTON, August 5. In connection with the per cent. War Bonds which were issued in 191 b for war purposes and which mature on the' first of September, the Minister of Finance stated to-day that the Government was offering the holders of the* maturing bonds a renewal for a further period to the first of September 1937, in either inscribed stock or bearer debentures. Mr Forbes said: “The securities issued in renewal will bear interest at the rate of 5} er cent., payable half yearly on the first of March and first of September. The maturing securities were issued with a condition of freedom from income tax attached thereto but the income from the securities issued in renewal will not be exempt from taxation. It should be clearly understood, of course, that income tax will not be deducted from the halfyearly interest payments, but will be payable only by those investors whose incomes are assessible, for taxation in the usual way. The bonds which are not to be renewed will be paid on presensation at maturity.’'
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Hokitika Guardian, 6 August 1930, Page 3
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1861916 WAR BONDS Hokitika Guardian, 6 August 1930, Page 3
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