Page 3 Advertisements Column 2

Kaipara and Waitemata Echo, 4 November 1920, Page 3

prospectus. •i Discharged Soldiers Settlement Loan ISSUE OF <£ 6,000,000 si-per-cent Loan PRiCE OF ISSUE; £X&. " TERM-OF LOAN: it VEAitS. i SUBSCRIPTIONS COMPULSORY. ; THE attention, of the public is specially drawn to the provisions of the Discharged Soldiers Settlement Loans Act, 1920, under which persons can be compelled to contribute to the-Loan an amount equal to the yearly average of the land-tax and income-tax paid or payable by them for the three years ended on.the thirty-first day of March ° nineteen hundred and twenty - All moneys invested udder the compulsory clauses of the Act will bear interest at the rate of three per cent, per annum only. N.K-—lt mnst be noted that the amount fixed by Act is the minimum subscription only. Every person is expected to invest to the full extent of his ability. Subscribers to previous Loans are not relieved" from obligation to subscribe to this Loan, The Subscription List will be closed on Thursday, 25th November, 1920 rIIHE Loan is authorised to be raised under the Dis- Both Warrants and Coupons will be payable, free 1 charged Soldiers Settlement Loans Act, 1920, and of exchange, at the Treasury, Wellington, or at any pursuant, to the New Zealand Loans Act, 1908, and both Postal Money-order Office or branch of the Bank of capital and interest will be charged upon the con- New Zealand in the Dominion, or in London or Aussolidated revenue of the Dominion. tralia as may be arranged. The Loan will be utilised. for the purposes rnwvrpcinw w m '*•«,• of settlement on the land of discharged , ■ CONVERSION.— HoIders ot Bonds issued udin tprm^ n 1 thp Di^rhnra^H 9n/W/Vrc der this Loan will have the option of converting such SOlOierS in terms Ojtne Discharged Soldiers Bonds into five and a half per cent Inscribed Stock on Settlement Act, 1915, and Will take the form any half-yearly due date of interesteither of Inscribed Stock or Bearer-bonds, at the option of the subscriber, or Post Office LODGMENTS. —Forms of application may be Investment Certificates or other securities. obtained and lodgments made at any Postal Moneyn, caa ftfin f m t -ii v ie- order Office, or at any branch of any Bank, or at the £2,500,000 of the Loan will be reserved tor in- Treasury at Wellington dividual persons who desire to invest in Inscribed Stock which will be available for payment in New Zealand pi Lodgments will be made as follows .-- death duties. Applications for this class of security Fully naiH Allntm^ntc < must be specially marked. These securities will not ruiiy-paia Allotments— be transferable, but maybe exchanged at the Treasury On application ... ... 100 percent for other available securities if so desired. Should ap- Inctalmsn^ AlLtm.nfc plications be received in excess of £2,500,000, an allot- Instalment Allotments— ment will be made by the Controller and Auditor- *° Percent on application (first instalment) ; General, and any sums which cannot be accepted for -0 per cent (second instalment), Monday JOth .JanDeath Duty Stock may be invested in ordinary Stock or nary, 1921 ; ; Bonds, at the option of the subscriber. 20 per cent (third instalment). Thursday, 17th i The issue is an investment authorised by the February, 1921* ! Trustee Act, 1908, and Trustees may invest therein. . 20 per cent, (fourth instalment), Monday, 21st Applications will not be accepted for less than March, 1921; £100, but investors may subscribe sums of £1 and up- Per cent (fifth instalment), Thursday. 28th April- ! wards, for a period of five or ten years, at any Postal 1921. Money-.prder Office. ' Instalments may be prepaid. The i *°i aaa WiH be > iSS. UeC» I in d ] enominations of £U)o< In case of default in the payment of any instalment £500, and £1000 or such higher denominations as may at its due date, instalments previously paid will be be arranged, and will be payable to bearer. liable to forfeiture ' multiple or ill), changeable for Bonds to Bearer as soon as the latter lhe Loan will be repaid at par at the Treasury, can be prepared. Wellington, or at any branch of the Bank of New Zealand in the Dominion on 15th January, 1933 _ ln tne caso of btoclc Investments, Inscription-certi-The Minister of Finance may in special circum- • d tO inve?tors when the amounts stances and by mutual arrangement accept investments ' " y pai Up". , for a shorter period than twelve years, bearing interest The Stock will be Inscribed in accordance with j at a lower rate than five and a half per cent, per the New Zealand Inscribed Stock Act, 1917 (read in annum, and issue securities therefor. conjunction with the New Zealand Loans Act, 1908), Interest on Bonds and Stock will bo paid half- f. nd inscription-books of the Loan will be kept at j yearly, on 15th January, and 15th July, and is NOT free the Dominion Treasury, at Wellington, where all I of income-tax. transfers of Stock will be made. Transfer-forms may ! mi c, • t , ~, , . , i~.i t i <n,, oe obtained at the Treasury i The first interest will be paid on lath July, 1921. r yi ; Interest on fully-paid allotments and on the first The Banks have agreed to allow advances at a ] instalment of instalment allotments will accrue from reasonable rate ot interest to clients who desire to indate ot lodgment for credit of the Public Account at vest in the Loan but who have not the ready money to i the nearestbranch of any Bank or of any Postal enable them to do so within the time prescribed. * j Money-order Office. D • * jcl i ■ -n , ~ Ti. i. J.i • j r ,_\ i r-i-.i , i registered oharebrokers will be allowed a Interest on second, third, fourth, and fifth lodgments ~„„„„•,*„„ nf . nan ~ inn „, , , . of instalment allotments will date from the respective ™™?'?*°", Lr PJlu 0" allo, tmel lts ™a? e in ye' dates of payment shown under heading " Lodgments." 1? '? lOn th f°? lS ISSU?, bear, mg th™ S*amp ' I tt. \ t 'i i c.i. i i • , and forwarded to the Treasury through any Bank or ty aTw °n f lnsc" f d -n'.oo^ Wlll -.b6, upaid bY Postal-order Office under cover of memorandum signed the option of the subscribers printed by the Government Prjntei . or on applications Interest on Bonds will be paid on production of not forwarded as aforesaid, or on applications for PostCoupons, except the first payment which will be by office Investment Certificates, or on application* made Treasury cheque, 1 . after the closing of the Loan. t Post Office Investment Certificates. To enable persons of moderate means to subscribe to the Loan, applications will be received at auy Postal Monevordef Office for Post Office Investment Certificates. Investment Certificates are repayable, with interest compounded, at the end of five or ten years. Full particulars regarding the Post Office Investment Certifiates arc obtainable at any Postal Money-order OfficeDepreciation Fund. Provision has been made for the establishment of a special fund not exceeding £50,000 per annum for the purpose of stabilizing the value of securities issued under the authority of the Discharged Soldiers Settlement Act 1920 and providing, in addition to the Sinking Funds established under the Public Debt Extinction Act a further means of reducing the debt. APPLICATIONS will close on 25th November, 1920, but the Muuster of Fimiico reserves the right to close at a prior date or to extend the period. „, ~. L r/ , , T , W. F MASSEY, Minister of Finance! Treasury, Wellington, NJ,., Ist November, 1920.