Page 6 Advertisements Column 2

Taihape Daily Times, 18 March 1918, Page 6

WAR LOAN Prospectus 0F DOMINION OF NEW ZEALAND Issue of £9,500,000 4] per Cent. War Loan (FEES OF NEW ZEALAND INCOME-TAX) Price of Issue: PAR. Term of Loan: 20 YEARS. The Subscription-list wilt be closed on Monday, Bth April, 1918 nnHE Loan is authorised to be raised under the War Purposes Loan Act, 1917, and pursuant to the New ZeaX land Loans Act, 1908, as amended by the New Zealand Loans Amendment Act; 1915, and both capital and interest will be charged upon the consolidated revenue cf the Dominion.The Loan will be utilized 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. £2OO 000 of the Loan will be 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. The issue is an investment authorized by the Trustee Act, 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. (See below.) The Bonds will be issued in denominations of £IOO, £SOO, and £1,000; 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 amount applied for in excess of £IOO must be a multiple of £lO. The Loan will be repaid at par at the Treasury, Wellington, or at any branch of the Bank of New Zealand in the Dominion on 15th November, 1938, 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 fullypaid allotments (221 days), and £1 15s lid per cent, on instalment allotments. Interest on fully-paid allotments and on the first instalment 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 post. 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 of 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—f' On application .. .. .. 100 per cent. INSTALMENT 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; 45 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 Bonds to Bearer as v soon as the latter can be prepared. In the case of Stock Investments, Inscription-certificates will 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 cofijunction 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 tranfers of stock will be made. Tranfer-forms may be obtained at the Treasury. Holders of War-bonds in the £16,000,000 Loan, i: sued 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 betAveen Bth April, 1918, and Ist March, 1920, on application 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 I oan 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 SHAREBROKERS will be allowed a commission of ss. per £IOO on allotments macte in respect of applications for this issue bearing their star p; and forwarded to the Treasury through any bank or Postal Money-order Office under cover of memorandum f igned by the sharebroker. No commission will be allowed in respect of applications on forms which have not teen printed by the Government Printer, or on applications not forwarded as aforesaid, or on applications fer Post-office Certificates or Stock. Post Office War Loan Certificates & Post Office 5 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 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 War Loan Stock will be inscribed ff r £IOO or multiple of £IOO, but not exceeding £SOO. No person may purchase this Stock whose total subscription to the War Loans has reached £SOO. 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 the Post Office War loan Certificates and Post Office War Loan Inscribed Stock are obtainable at any Postal Money-order Office. Compulsory Subscriptions, F fbe 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 ti e War Loan. It is confidently anticipated that the full amour t of 9| millions will be voluntarily subscribed, but should there be any deficiency it will be necessary to raise t 1 e amount of such deficiency by compulsory levy in accordance with the Act. APPI IfiTIfWQ closeon MONDAY, Bth APRI-U 1918, but the Minister of Finance nt i reserves the right to close at a prior date or to extend the period. JOSEPH GEORGE WARD, Treasury, Wellington, N.Z., MINISTER OF FINANCE. 16 bh March, 1918.