WAR LOAN.

Taihape Daily Times, Issue 160, 11 August 1916, Page 5

WAR LOAN.

Kew Zealand

Government 41 per

cent. War Bonds

(Free of New Zealand Income

Tax)

Issue of £8,000,000

THE GOVERNMENT Hereby invites the public of New Zealand to sunscribe £8,000,000, authorized to be raised under the Finance Act, 1016, and pursuant to the New Zealand Loans Act, 1908, as amended by the New Zealand Loans Amendment Act. 1015, for the purpose of carrying on the-pre-sent Avar.

The loan is by Act of Parliament made a charge on the consolidated re-

venue of the Dominion. *

WAR BONDS Avill be issued ou the following terms:

Price of issue .. Par Rate of interest .. 41 per cent FREE OF INCOME TAX

Term of loan

14 years or

25 years

No bond '"’ill be issued for less than £SO, but small investors may subscribe sums of £1 up to £SO at the Post Office.

INTEREST WILL BE PAID HALF. YEARLY AT THE TREASURY, WELLINGTON, OR AT ANY BRANCH OP THE BANK OF NEW ZEALAND, OR IN LONDON OR AUSTRALIA AS MAY BE ARRANGED OX Ist MARCH AND Ist SEPTEMBER IN EACH YEAR.

The first Coupon, representing in-

terest accrued upon the various instalments, from the date upon which, they severally become payable, up to 28th February, 1917, will he paid on Ist March, 1917. Interest on the deposit will date from the Ist September, 1916.

LODGMENTS. —Forms of application may be obtained and lodgments made at any. Postal Money-order Office, at any Bank, or at the Treasury Offices, Wellington. , »

Instalments may be prepaid if desired, but the prepayment of any instalment will not entitle the subscriber to interest, in respect of Hie first coupon, in addition to that provided above.

Lodgments will be made as follows:] 25 per cent deposit to accompany

application;

25 per cent, 2nd October, 1916; 25 per cent, Ist December, 1916; 25 per cent, Ist February, 1917..

The Minister of Finance reserves the right to accept the whole or any part of amount applied for, or to decline any application. Should the total applied for exceed the amount o£ £8.000,000, the Minister of Finance re-* serves the right to accept such excess or any part thereof. The Controller and Auditor-General will make the allotment, if such is necessarv.

In case of acceptance of part only of amount, applied for, the surplus of the amount paid as deposit will be approbated towards the payment of subsequent instalments.

Interest will not be paid in respect ot amounts which are not accepted.

In case of default in payment of any instalment at its due date, the deposit a«d instalments previously paid will be liable to forfeiture.

Interim receipts will be issued for lodgments and must be retained and! presented in exchange for War Bonds when ready for issue.

Bonds payable to bearer, with coupons attached, will be issued after the full subscription has been paid, in denominations of £SO, £IOO, £SOO, £IOOO, or such higher denominations as may be arranged, and will be repayable at par in New Zealand at date ot maturity.

The Bonds are Government securities in which trustees are authorised; to invest trust funds.

An annual sinking fund is provided for the repayment of the Loan.

Applications will close on 21s£ August, 1916, but the Minister of Fin'Ance reserves the right to close at a prior date, or to extend the periorr.

JOSEPH GEORGE WARD, * Minister of Finance. Treasury, Wellington, N.Z., sth August, 1916.