WAR LOAN PROSPECTUS

Kaipara and Waitemata Echo, 17 August 1916, Page 2

WAR LOAN PROSPECTUS

£8,000,000 WANTED

SMALL INVESTMENTS ENCOURAGED.

THE Government of New Zealand asks the people to lend it £8,000,000 for war purposes. The prospectus of the loan is advertised in to-day's issue. The following are the main points :—

The rate of interest will be 4^ per cent free of New Zealand iucome tax.

The loan will be issued at par. The term of the loan will be 14 years to 25 years.

Forms of application may be obtained and lodgments made at any Postal Money-order Office, at any Bank, or at the Treasury Offices, Wellington. Lodgments may be made as follows : 25 per cent deposit to accompany application, 25 per cent 2nd October 1916, 25 per cent Ist December 1916, 25 per cent Ist February 1917.

Special inducements are offered to small investors. No bond will be issued for less than £50, but small investors may subscribe sums of £1 up to £50 at the Post Office. The Minister will issue certificates of the denomination of£land£lo, and these will be sold at the rate of 16/ for .each £1. At the end of five years, each certificate will be re-purchased from the holder for £1, the difference of 4/ representing compound interest at the rate ot 4^ "per cent on the amount originally paid for the certificate. No payments of interest will be made during the period of the certificate, the whole sum accrued being paid in one amount at maturity. The rate of interest is the same as on the war bonds. The certificates will be payable to bearer, and may, therefore, be sold or transferred. Applications for certificates will be received at^any money order office. Applications for the loan close on August 21.