Page 1 Advertisements Column 4

Taranaki Daily News, 16 October 1915, Page 1

NEW ZEALAND GOVERNMENT £4 10s (P®R CENT. DEBENTURES. ISSUE OF 4% PER CENT. BEAHER DEBENTURES, UNDER THE AUTHORITY OF THE FINANCE ACT, 1915, AND PURSUANT TO THE NEW ZEALAND LOAN'S ACT, 1908, AS AMENDED BY THE NEW ZEALAND LOANS AMENDMENT ACT, 1915, TO PROVIDE MONEYS EOR LOCAL EXPENDITURE DUR--1 INO THE WAR.

'PRICE OF ISSUE FIXED AT £IOO PER CENT. Government of New Zealand desires to place before the public of the Dominion this prospectus, showing the terms and. conditions under which moneys may be invested on the security of the Public Revenues of New Zealand, to provide the funds necessary for local purposes during the present war. In view of the financial strain at present imposed on the Imperial Treasury in providing moneys for 'carrying on the war, the Government of this country confidently asks all New Zealanders wno can afford to do so to assist the Empire by investing freely in these Debentures, and thus in a measure relieve the Mother Country of the burden of having to provide the capital required for local purposes in New Zealand. Forms of application may be obtained from any Postal Money-order Office, or from the Treasury. Applications may be lodged at any Postal Money-order Office, at tlie Treasury, Wellington, or at any Bank or registered Sharebroker's office in tbe Dominion.

Applications may be made for £5 or any multiple of £5, and for a currency of 5, 10, 15, -20 or 25 years, at the option of the subscriber. Subscribers who apply at a iPostal Money-order Office may lodge amounts by cheque or irt cash. If cheques are forwarded exchange must be added where payable. In cases where application is posted direct to Wellington the lodgments must be first paid in to the "Public Account" at any branch of the Bank of New Zealand, and the bank receipt must in such bo forwarded to Wellington with the application. Applications for sums not exceeding £SOOO must be accompanied by the total subscription or bank receipts for the amount, and applications for sums in excess of £SOOO must be accompanied by a deposit of 10 per cent, balance payable an allotment. Allotments will be made by the Controller and Auditor-General.

In the case of default in payment of the balance the deposit previously paidwill be liable to forfeiture. If no allotment is made the deposit will he returned. Interim receipts will be issued on lodgment, and will be subsequently exchanged for Debentures. The Debentures will be issued with interest coupons attached. Interest will be payable half-yearly on presentation of coupons at a Postal Money-order Office or at the Bank of New Zealand, or at the Treasury. Interest will be computed from the 15th October, 1915, and will be free of income-tax.

An annual Sinking Fund is established to provide for the redemption of the Debentures. The Debentures will be issued in denominations of £5, £25, £SO, £IOO, £SOO, £I,OOO, or in such higher denominations as may be agreed upon with the Treasury, and will be made payable to bearer. Debentures will be repayable at par at the Treasury, Wellington, or at any office of the Bank of New Zealand in the Dominion on their due date. Banks and registered Sharebrokers will be allowed a commission of ss. per £IOO on allotments made in respect of applications received from them direct, and which bear their stamp, and are forwarded td the Treasury or to the Postoffices under cover of the form provided. Covering forms are obtainable from the Post-offices. Commission will be paid after allotment, and will not be allowed on conversions or on transfer of moneys now on deposit with the Post-office Savings-bank. The Debentures are Government Securities in which Trustees are authorized to invest Trust Funds. Applications will close at the Treasury on Gth November, 1015, but the Government reserves the right to close at a prior date or to extend the period at its option.

lii case of over-subscription, the Government reserves the right to decline any application, in whole or in part, as it may determine. Interest will not be paid in respect of any amounts forwarded with applications which arc declined. CONVERSIONS. Holders of Government Debentures issued under the New Zealand Loans Act and maturing on or before the Ist December, l'.tlfi, will have the option of converting into 44 per cent. 1!)1,3 Debentures at pur if application ..is made to the Treasury on or before the 30th November, l!)lj. The interest under the new debenture will take effect after the coupon for the then current half-year under the old debenture has been paid.

POST- OFFICK SAVIKGS - B ANK DEPOSITS. Persons who now have money depqsited in the Post-oflice Savings-bank may purchase 4J per tent. Debentures by means of transfer. Tliey must apply on or before the 6th November, l!)lf>, to the Postmaster in charge at any Postal Money-order Office within the" district in which their account is open in order that the requisite transfer may be made. Interest at 4} per cent, under the new debentures will date from the Isth October. Win. The forms of application and transfer may be obtained at the Postoffices.

"\fURSE DOIG, 141 Devon Street, New Plymouth. Oflftee hours during winter months: 10 a.m. to 5 p.m,, and by appointment. Thursday half-holiday.

reliable second hand pianon— Ward, London, £10; Hoelling, £2O; Ward, £18; Brinsmead, £4B; Mendelssohn, £lO. Easy terms, 10s deposit, 10s monthly.—Collier's. Devon Street