Page 4 Advertisements Column 1

Levin Daily Chronicle, 16 March 1918, Page 4

i WAR <-'<£« LO&N. PROSPECTUS ; OF - DOMINION OF NEW ZEALAND Issue of £9,500,000 4j per Cent. War Loan. (FREE OF NEW ZEALAND INCOME TAX.) j Price of Issues Pap. Term of Loans 20 Years« The Subscription List will be closed on MONDAY t Bth April, 1918 npHE Loan is authorised to be raised under the War Purposes Loan Act, 1917, and P ursu£ pt to the as amended by the N3w Zealand Loans Amendment. Act, 1915, and both capital and 1 rgT P° dated revenue of the Dominion. " The Loan will be utilised by the Dominion for War Purposes only and will take the form either of Inscribed Stock or Bearer-bonds, at' the option of the subscriber. £200,000 of the Loan will be reserved for individual persons who desire, to invest in securities wliich will be available f °TP a y~ ment of New Zealand death duties. Applications for this class of security must be specially These securities will not transferable, but may be exchanged at the Treasury for other available securities, if so desiredThe issue is an investment authorised by the Trustee Act, and Trustees may invest therein. Applications will not be acccepted for less than £100, but small investors may subscribe sums of £1 up to £500, for a period of Jive or ten years, at any Postal Money-order Office. The Bonds will be issued in denominations of £100, £500, and £1000, or such higher denominations as may be arranged, and will be payable to bearer. Stock will not be issued for any amount under £100, and any amount applied for in excess of £100 must be a multiple of £10. The Loan will be repaid at par at the Treasury, Wellington or at any branch of the Bank oi New Zealand in the Dominion on 15th November, 1938: s Interest on Bonds and Stock will be paid half-yearly, on 15th May and 15th November. The first interest will be paid on 15th November, 1918, and will amount to £2 14s 6d per cent, on fully-paid allotments (221 days), and £1 15s lid per cent, on instalment allotments. Interest on fully-paid allotments and on the first instalments of instalment allotments will date from Bth April, 1918. Interest on second, third, and fourth instalments of instalment allotments will date from the respective dates of payment shown herein. Interest on Inscribed Stock will be paid by Dividend Warrant, which will be transmitted by poßt. Interest on Bonds will be paid on production of Coupon. Both Warrants and Coupons will be payable, free of exchange, at the Treasury, Wellington, or at any Postal Money-order Office, or at any branch oi the Bank of New Zealand in the Dominion, or in London or Australia as may be arranged. LODGMENTS. Forms of application may be obtained and lodgments made at any Postal Money-order Office, or at any branch of any. Bank, or at the Treasury, Wellington. Lodgments will be 'made as follows:— FULLY-PAID ALLOTMENTS — On application ... ... ••• 100 P er cent. instalm:ent allotments— 25 per cent, on application (first instalment); 25 per cent, (second instalment), Monday, 3rd June, 1918; 25 per cent, (third instalment), Monday, 15th July, 1918; 25 per cent, (fourth instalment), Monday, 2nd September, 1918. Instalments may be prepaid, but such' prepayments will not entitle the subscriber to any additional interest. In Case of default in the payment of any instalment at its due date, instalments previously paid will be liable to forfeiture. Provisional receipts will be issued for all payments, and in the case of Investments in Bonds these receipts will be exchangeable for Bonda to Bearer as soon as the latter can be prepared. „ In the case of Stock Investments,, Inscription-certificates will be posted to investors when the amounts are fullj paid up. The Stock will be inscribed in accordance with the New Zealand Inscribed Stock Act, 1917 (read in conjunction with the Zealand Loans Act, 1908), and the inscription-books of the Loan will be kept at the Dominion Treasury, at Wellington, ' transfers of stock will be made. Transfer-forms may be obtained at the Treasury. Holders;.of War-bonds in the £16,000,000 Loan, issued under section 35 of the Finance Act, 1916, will have the right to convert into Inscribed. Stock, with currency to 15th November, 1938, at any time between Bth April, 1918, and Ist March, on applio tion in writing to the Dominion Treasury, Wellington. Arrangements have been made under which the Banks have agreed to allow advances at a reasonable rate of interest to clients who desire to invest in the Loan but who have not the ready money to enable them to do so within the time prescribed. Arrangements will be made for New Zealand War Loan Securities .to be quoted on the London Stock Exchange as soon after the War as the British. Chancellor of the Exchequer agrees. Registered Share&rofcers will be allowed a commission of 5s per £100 on allotments made in respect of applications for this issue bearing their stamp, and forwarded to the Treasury through any tank or Postal Money-order Office under cover ox memorandum signed by the sharebroker. No commission will be allowed in respect of applications on forms which have not been printed by the Government Printer, or on applications not forwarded as aforesaid, or on applications for Post-office Certificates or Stock. POST OFFICE WAR LOAN CERTIFICATES AND POST OFFICE FIVE 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 tlie option of the subscriber. War Loan Certificates are repayable, with interest compounded, free of income-tax, at the end of five or ten years. Post Office War Loan Stock will be inscribed for £100 or multiple of £100, but not exceeding £500. No person may purchase this Stock whose total subscription to the War Loans has reached £500. Interest will be paid by warrant at the rate of 5 per cent, and will be subject to income tax, and the term will be ten years. Full particulars regarding tlie Post Office War Loan Certificates and Post Office War Loan Inscribed Stock are obtainable at any Postal Money-order Office. Compulsory Subscriptions. The attention of the public is specially drawn to section 40 of the Finance Act, 1917, which provides machinery for the compulsory levy of subscriptions to the War Loan. It is confidently anticipated that the full amount of 9i millions will be voluntarily subscribe J, but should there beany deficiency it will be necessary to raise the amount of such deficiency by compulsory levy m accordance with the Act. APPLICATIONS will close on MONDAY, Btfa APRIL, 1918, but the Minister of Finance reserves the right to close at a prior date, or to extend the period. JOSEPH GEORGE WARD, Minister of Finance. Treasury, "Wellington, N. Z., 16tn March, 1918. I— i i