THE WAR LOANS.

Taranaki Daily News, 16 July 1921, Page 5

THE WAR LOANS.

CERTIFICATES MATURING.

NEW INVESTMENT OFFERED.

By Telegraph.—Press Association. Wellington, Last Night. The Post Office war loan certificates purchased during the early years of the war will commence to mature next month, and arrangements are being made to enable holders to renew their investments in Government securities at an increased rate of interest.

The Post Office will accept war loan certificates on maturity at their face value for investment in inscribed stock or bearer bonds at six per cent interest, payable half yearly, with ten years’ currency to August 1, 1931. Inscribed stock will be issued in multiples of £lO, with a minimum of £lOO, and bearer bonds for £5O, £lOO, £5OO or £lOOO, as may be required. For those holders who desire to invest for a shorter term, or who are prepared to renew their certificates, the Post Office will exchange their present certificates on maturity for investment certificates with a currency of five or ten years, bearing interest at 51 per cent., compounded annually. Holders who cannot renew may, if they wish, arrange by personal application at any postal money order office for the proceeds of their war loan certificates to be placed to their credit with* the Post Office Savings Bank. It is hoped holders of Post Office war loan certificates will, in view of the advantageous terms offered, leave as much money in the hands of the Government as‘possible.