Page 3 Advertisements Column 2

Kaipara and Waitemata Echo, 11 September 1919, Page 3

prospectus OF DOMINION OF NEW ZEALAND ISSUE OF <£ 10,000,000 41 per cent War Loan (FREE OF NEW ZEALAND INCOME TAX). PRICE OF ISSUE: PAR. TERM OF LOAN : 20 YEARS. SUBSCRIPTIONS COMPULSORY THE attention of the public is especially drawn to All moneys invested under the compulsory clauses the provisions of the Finance Act, 1918 (No. 2), under of the Act will bear interest at the rate of three per which persons can be compelled to contribute to the cent, per annum only. loan 'an amount equal to three times the yearly aver- N.B. —It must be noted that the amount fixed by age of the land-tax plus income-tax (exclusive of Act is the MINIMUM subscription only. Every person excess-profits duty) paid or payable by them for the is expected to invest to the full extent of his ability, three years ended on the thirty-first day of March, Subscribers to previous loans are not relieved from nineteen hundred and eighteen. . obligation to subscribe to this loan. The Subscription List will be closed on Thursday, 25th September, 1919 mHE Loan is authorised to be raised under the LODGMENTS. —Forms of application may be 1 Finance Act 1918, and Finance Act, 1918 (No. 2), obtained and lod ts made at Postal Mo and Pursuant to the New Zealand Loans Act, 1908 as order Qffi or at b h f J fiank y amended by the New Zealand Loans Amendment Act, tne Treasury Wellington 1915, and both capital and interest will be charged upon the consolidated revenue of the Dominion. Lodgments will be made as follows : — The Loan will be utilized by the Dominion Fully-paid Allotments — for repatriation, and payment of soldiers and - On application ... ... 100 per cent. other purposes in connection with the War, Instalment Allotments— and will take the form either of Inscribed Stock 25 per cent on lication (first instalment) . or Bearer-bonds at the option of the sub- 25 cent instalment), Monday, 10th senber, or Post Office Securities. November, 1919; £375,500 of the Loan will be reserved for individual 25 per cent, (third instalment), Thursday, 18th persons who desire to invest in securities which will December, 1919 ; be available for payment of New Zealand death duties. O c _,„ nn ,lf ~ . , , ~ ~ , _ . Applications for this class of security must be specially 2o P F^bruar 1920 instalment)< Monday, 2nd marked. These securities will not be transferable, but b may be exchanged at the Treasury for other available . Instalments may be prepaid, but such prepayments securities if so desired. Should applications be re- will not entitle the subspriber to any additional ceived in excess of £375,000, an allotment will be interest. made by the Controller and Auditor-General, and any In case of default in the payment of any instalsuras which cannot be accepted for Death Duty Stock ment at its due date, instalments previously paid will may be invested in ordinary Stock or Bonds, at the be liable to forfeiture, option of the subscriber. Provisional receipts will be issued for all payments, The issue is an investment authorized by the and in the case of investments in Bonds these receipts Trustee Act, 1908, and Trustees may invest therein. wiil De exchangeable for Bonds to Bearer as soon as AT.- mi j. i l 3 r i i.i the latter can be prepared. Applications will not be accepted for less than T . ' £100, but small investors may subscribe sums of £1 ,4" *he caf, e °f Stock Investments, Inscriptionup to £500, for a period of five or ten years, at any certificates will be posted to investors when the Postal Money-order Office. amounts are fully paid up. The Bonds will be issued in denominations of thp ™° % toc* ™" b* i"8™? 6? *? fOO^ 11/ 06 T*. h £100, £500, and £1,000, or such higher denominations £™ New Zealand Inscribed Stock Act, 1917 (read in as may be arranged, and will be payable to bearer. °°Tt^ 1 %* £ew Zealand Loans Act 1908), o ~..,, , , anc* t»e mscnption-books of the Loan will be kept at Stock will not be issued for any amount under the Dominion Treasury, Wellington, where all transfers £100, and any sum applied for in excess of £100 must o f Stock will be made. Transfer-forms may be be a multiple of £10. , obtained at the Treasury. The Loan will be repaid at par at the Treasury, Holders of existing War-bonds in the £16,000,000 - Wellington, or at any branch of the Bank of New Loan, issued under section 35 of the Finance Act, 1916, Zealand in the Dominion on 20th April, 1939. may at any time before the Ist March, 1920, and on Interest on Bonds and Stock will be paid half- application in writing to the Dominion Treasury, yearly, on 20th April and 20th October. Wellington, convert into Inscribed Stock, with currency m, ~ , . , , ~, v ~ nA ,, . ~ -.rt-.rt to 15th November, 1938. The first interest will be paid on 20th April, 1920, t>i -n . i , , and will amount to £2 11s 3d per cent, on fully-paid Ihe Banks have agreed to allow advances at a allotments (208 days), and £1 15s 3d per cent, on reasonable rate of interest to clients who desire to , instalment allotments. \ nvest ,\ n *}}* L°an ,but who L have, not fche ready money Interest on fully-paid allotments and on the first t0 T them ° d° n S° X Wlth*n *he £ me Prescribed, instalment of instalment allotments will date from T Arrangements will be made for New Zealand War 25th September 1919 Loan becunties to be quoted on the London Stock t*. i. ' j i.v- j j c l. i j . c Exchange as soon as the British Chancellor of the Interest on seoond, third, and fourth lodgments of Exchequer agrees instalment allotments will date from the respective i> • * jet i. « -n dates of payment shown under heading "Lodgments." Registered bharebrokers will be allowed a Interest on Inscribed Stock will he paid by Dividend r^ZTT ,°JJoJ^ £}°° *v aUotme*ts ™d* in Warrant, which will be transmitted by post. ™s*e n ot T »hT f « t ISSUQ bf anng u their t + i. -d j -ii i -j i i.- c stamp, and forwarded to the Treasury through any Interest on Bonds will be paid on production of Bank or Postal Money-order Office under cover of uoupon. memorandum signed by the sharebroker. No cornBoth Warrants and Coupons will be payable, free mission will be allowed in respect of applications on of exchange, at the Treasury, Wellington, or at any forms which have not been printed by the Government Postal Money-order Office, or at any branch of the Printer, or on applications not forwarded as aforesaid, Bank of New Zealand in the Dominion, or in London or on applications for Post-office Certificates or Stock' or Australia as may be arranged, or on applications made after the closing of the Loan! Post Office War Loan Certificates and Post Office 5 per cent. War Loan Inscribed Stock. To enable persons of moderate means to subscribe to the Loan, applications will be received at any Postal Money Order Office for Post Office War Loan Certificates or Post Office 5 per cent. War Loan Inscribed Stock at the option * of the subscriber. War Loan Certificates are repayable, with interest compounded, free of income tax, at the end of live or ten years. Post Office War Loan gtocK: will be inscribed for not less than £iOO, tnt not exceeding £500, and will have a currency of approximately ten years, maturing 20th April, 1929. Any sum offered in excess of £100' must be £10 or a multiple of £10. Interest will be paid by warrant at the rate of 5 per cent., and will be subject to income tax. Full particulars regarding the Post Office War Loan Certificates and Post Office War Loan Inscribed Stock are obtainable at any Postal Money Order Office. Holders of 5 per cent. Post Office War Bonds issued under the War Purposes Loan Act, 1917, and Section 68 Finance Act, 1917. will have the right to convert into 5 per cent. Post Office War Loan Inscribed Stock, with currency to the 15th November. 1927, at any time after 15th November, 191 % on application in writing to. the Dominion Treasury, Wellington, or through any Postal Money Order Office. + ' APPLICATIONS will close on 25th September, 1919. but the Minister of Finance reserves the ridit to close at a prior date or to extend the period, " ° Treasury, Wellington, #.£., §th September, 191^ J. ALLEN, Minister of Finance.