THE LOAN.
INVESTMENT OF SECURITIES AND TRUST FINDS. Wellington, Wednesday. In the Finance Bill, it is provided that banking and loans banks carrying on business in New Zealand may be authorised to hold as part reserve securities other than public securities. In order to facilitate the investment of small sums in the loan, the Postmaster-Ger-eral may agree to is=ue war loan certificates on condition that the purchase money be paid by monthly or other instalments extending over a period not exceeding sixteen months. Trustees are given discretionary power to borrow .money upon security of the whole or part of their trust estates for the purpose of investing their money in inscribed stock for -war purposes. The loan savings banks are authorised to invest funds, including reserve funds, in the loan.
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https://paperspast.natlib.govt.nz/newspapers/TDN19170830.2.45
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Taranaki Daily News, 30 August 1917, Page 6
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130THE LOAN. Taranaki Daily News, 30 August 1917, Page 6
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