NEW ZEALAND GOVERNMENT. £4 PER CENT. DEBENTURE LOAN. ISSUE OF £5OO,OOO

Free Lance, Volume I, Issue 40, 6 April 1901, Page 17

NEW ZEALAND GOVERNMENT. £4 PER CENT. DEBENTURE LOAN. ISSUE OF £500,000

Under the authority of "The Aid to Public Works and Land Settlement Act, 1900." MINIMUM PRICE~ OP ISSUE, £100 PER CENT.

THE Colonial Treasurer invites Tenders for £.500,000 New Zealand Government 4 per cent Debentures, payable to Bearer, and of the face value of £1000, £500, £200, and £100 respectively, as may bo desired These Debentures are secured on the Public Rvenuos of the Colony, and aie issued repayable on the Ist Apul, 1904, at the Treasury, Wellington, New Zealand, or (if the tenderer so requests in Ins tender) at the office of the AgentGeneral for Now Zealand in London. Dnidends, represented h\ coupons attached to the debentures, will be payable on the Ist April and the Ist October in each year during the currency of the Loan, at the Cashier's Office Treasury, Wellington, oi at any branch of the Bank of New Zealand in New Zealand, or (if the debentures aie issued repayable in London) at the office of the Agent-General foi New Zealand in London. At the option of the holdei of an\ debenture issued repayable in New Zealand, and on application made in that behalf at the Treasury, Wellington, New Zealand, he may at any time duimg its currency have it endorsed payable, both as to principal and interest, at the office of the Agent-General for New Zealand, London, or at. any specified branch of the Bank of New Zealand m Australia Provided that in the former case the endorsement shall be made not less than thiee months and in the latter case not less than one month, before the due date of the next ensuing payment of interest The first interest coupon will be payable, on the Ist October, 1901, and will be for a sum equal to six months' interest on the nominal amount of the Debenture. The issue price will be at the late of £100 in money for every £100 expiesfcexl m debentures (below which no tender will be accepted), payable as follows — Deposit of 5 per cent on application. First instalment of 45 per cent, on Tuesday, 7th May, 1901. Second instalment of oO per cent. on Tuesday, 4th June, 1901. Payments may be made in full at any tune on or after the 7th May, 1901, and prior to the 4th June, 1901, at a discount at the rate of one pound ten shillings per centum per annum. Sealed tenders, addressed to the Secretary to the Treasury, Government Buildings, Wellington, accompanied with the 5 per cent, deposit, will be received up to noon of TUESDAY, 23rd April, 1901, when they will be opened in the presence of the Colonial Treasurer and the ControDer and AuditorGeneral, and allotment will forthwith be made. If cheques are lodged with a tender, they must be drawn upon a Bank in Wellington, and be marked by such Bank as "good" for fourteen days Cheques issued by a Bank need not be so marked. Tenders may be for the whole or any part of the Loan, and must state what amount of money will be given for every £100 of the Debentures tendered for. Tenders must be for even hundreds of pounds sterling, a(nd at prices which are multiples of sixpence. Tenders at different prices must be on separate forms. The nominal amount of Debentures tendered for must be written on the outside of the Tender. In case of default in the payment of any instalment at its proper date, the deposit and instalment (if any) previously paid will be liable to forfeiture If no allotment is made the deposit will be returned. The first and second instalments may be paid at any branch of the Bank of New Zealand either in the Colony or Australia, to the credit of the Public Account, or at the Treasury. Wellington, not later than the several dates previously mentioned. Scup Certificates will bo issued, to be subsequently exchanged for the Debenture Bonds. Tenders must be on printed forms, which may be obtained at the Cashier's 1 Office Treasury, Wellington, or at the ( offices of the Bank of New Zealand at £ Sydney, Melbourne, Auckland, Wellington, Christchurch, or Dunedin '. Office of the Colonial Treasurei Wellington 2nd April, 1901