Page 3 Advertisements Column 5

Otaki Mail, Volume 26, 8 September 1919, Page 3

k^ RY LOAN, DOMINION OF ZEALAND (FREE OF NEW ZEALAND INCOME TAX.) SUBSCRIPTIONS COMPULSORY. The attention of the public is specialty drawn to Ihe provisions of the Finance Act, f9lB (No. 2), under which persons can-be compelled to contribute, to the loan an amount equal to three times the yearly average of lite land-tax phis incometax, (exclusive of excess-profits''duty) paid or payable by them for the three years -ended on the thirty-first day of -March, nineteen hundred and eighteen. All moneys invested under the compulsory clauses of the Act will bear interest at the rate of three per cent, per annum only. N.B.—lt must 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 September, 1919, The Loan is authorised to be raised under the Finance Act, 1918, and Finance Act, 1!)1S (No. 2), and pursuant t<. the New Zealand Loans Act, 19,08, as amended by the New Zealand Loans Amendment Act, 191."), and both capital and interest will be charged upon the consolidated revenue of the Dominion. - ~ . ~- - The Loan will be utilised by the Dominion for repatriation and payment of soldiers and other purposes in connection with the War, and will take the form either of Inscribed Stock or Bearer-bonds, at the option of the subscriber, or Post Office Securities. £375,000 of the Loan will lie reserved for individual persons who desire to invest in securities which will be available for payment of New Zealand death duties. Applications for this class of security must be specially marked. These securities will not be transferable, but may be exchanged at the Treasury for other available securities if so desired. Should applications be received in excess of £375,000, an allotment will be ina"de by the Controller and AuditorGeneral, and any sums which cannot be accepted for Death Duty .Stock may be invested in ordinary Stock or Bonds, at the option of the subscriber. The issue is an investment authorised by the Trustee Act, 190 S, and Trustees may invest therein. Applications will not be accepted for less-than £IOO, but small investors may subscribe sums of £1 up to £SOO, for a period of five or ten years, at any Postal Money-order Office. The Bonds will be issued in denominations <>f £IOO, '.'500, and £IOOO, or such higher denominations as may be arranged, and will be payable" to bearer. Stock will not be issued for any amount under £IOO, and any sum applied for in excess of £IOO must be a multiple of £lO. The Loan will be repaid a< par at the Treasury, Wellington, or. at any branch of the-Lank of-New Zealand in the Dominion on 20th April, 1939. Interest on Bonds and Stock will be paid h,al/-yefcrly, on 20th April and 20th October. The first interest will be paid on 20th April, 1920, and will amount to £2 lis 3d per cent on fully-paid allotments (308 days), and £1 15s 3d per cent on instalment allotments. Interest on fully-paid allotments and on the first instalment of instalment allotments will date from 25th September, 1919. Interest on second, third, and fourth-lodgroentg of insl," ment allotments will date from the respective dates of pa nient shown under heading "Lodgments." - Interest on Inscribed Stock will be paid by Divider Warrant, which will be transmitted by post. Interest on Bonds will' be paid on production of Coupon. Both Warrants and Coupons trill be payable, free i exchaage, at the Treasury, Wellington, or" at any Post Money-order Office, or at any branch of the Bank of Ne Zealand in the Dominion, or in Loudon or Australia as mi be arranged. LODGMEHTS.—Forms of application may be obtains and lodgments made at any Bosta! Money-order Office, or ; any branch of any Bank/or at the Treasury, Wellington, Lodgments will be made as follows Fully-paid Ailoments—-. Oii application .... 100 per cent. Instalment Allomenfs— «■■ 25 per cent on application (nr*t instalment); 25 per cent (second instalment), Monday, 10th November, 1919; t 25 per cent (third instalment), Thursday, IBth December, 1919; 25 per cent (fourth instalment), Monday, 2nd February, 1920. Instalments may be prepaid, but such prepayments will not entitle the subscriber to any additional interest; lu ease of default in the payment of any instalment at its due dale, instalments previously paid will be liable to forfeit uvc. Broviskmal receipts will be issued for all payments, olid in the case of investments in Bonds these receipts will be exchangeable for Bonds to Bearer as soon as the latter can be prepared. In the ease of Stock Investments, Inscription-certificates v.ill be posted to investors when the amounts are fully paid up. The Stock will be inscribed in accordance with the New Zealand Inscribed Stock Act, 1917 (read in conjunction with the New Zealand Loans Act, 1908), and the inscription-books of the Loan will be kept at the Dominion Treasury, at Wellington, where all transfers of Stock will be made. Transferforms may he obtained at the Treasury. Holders of existing War-bonds in the £1 fi,000,000 Loan, issued under section 35 of the Finance Act, 1916, may at any lime before the Ist March, 1920, and on application in writing to the 'Dominion Treasury, Wellington, convert into Inscribed Stock, with currenvy to 15th November, 1938. The Banks have agreed to allow advances at a reasonable rate of interest to clients who desire to invest in the Loan who Lave 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 as the British Chancellor of the Exchequer agrees. Registered Sharebrokers will be allowed a commission of 5s per £IOO on allotments made in respect of applications fof this issue hearing their stamp, and forwarded to the Treasury Ihrjough any Lank or'Postal .Money-order Office under cover of memorandum signed by the sharebrokcr. No commission will be allowed in respect of applications on forms which havenot been printed by the Government Printer, or on applications not forwarded as aforesaid, or on application* for Postpfllce Certificates or Stock, 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. T<> enable persons of moderate means to subscribe td~thc 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. five or ten years. Post Office \S'<tr Loan Stock will be inscribed for not less than £IOO, but not exceeding £SOO, and will have a currency of approximately ten. years," maturing SiOth April, 1.929. ■ Any/ sum offered in excess of £lo** roust be £1!) or a multiple of £W. ' Interest will be paid by warrant at the rate of 5 per cent, »*r»d will be subject to income-tax. Full particulars regarding the Post Office War J.oa»» Certificates and Post Office War Loan Inscribed Stock are obtainable at any Postal Money-order Off. : <;e, Holders of 5 per cent Post 'Office War 'Bonds issued tinder the War Purposes Loan Act, 1917, and (section 68, Finance Act, 19X7, wi!l 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 loth November, 1919," on application in writing to the Dominion Treasury, Wellington, or through' any Postal Money-order Office. APPLICATIONS will close on 25th ScptemW, I 91», but -the Minister of Finance reserves the right to close ai a pnov date or to extend the period. JAMES ALLOT, Minister of Finance, Treasury, "Wellington, NX, , 6th September, 191,9/

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