Page 2 Advertisements Column 3

Wairarapa Times-Age, 27 September 1940, Page 2

a BB / Adi % DOMINION OF NEW ZEALAND NEW ZEALAND GOVERNMENT WAR LOAN, 1953 Authorised to be raised in accordance with the provisions of the New Zealand Loans Act. 1932, whereby the interest and principal are a direct charge upon the public revenues of the Dominion. Isso® of Stock Repayable Ist October, 1953 Proceeds to be used for equipping and maintaining. the armed forces of the Dominion, and for other war purposes. Stock of this issue is non-interest bearing up to the ist October, 1943. Interest will be paid thereafter at the rate of aj per cent, per annum. A first interest payment of £l-5-0 per cent, will be made on the ist April, 1944. PRICE OF ISSUE: £lOO per cent. Payable as follows : On Application - £3O per cent. On 16th December, 1940 - £4O per cent On 25 th March, 1941 - - - £3O per cent. BASIS OF SUBSCRIPTION. The Minister of Finance has indicated TRANSFERS. The’Register of Stock will be kept at. the Reserve Bank of that for the purposes of the Finance Emergency Regulations 1940 (No. 2) New Zealand, Wellington, where transfers will be registered without payment he will not regard any person as haying subscribed in due proportion to his o f any fee. Stock will be transferable in amounts of £5 or multiples thereof, means unless such person has subscribed to this Loan at least the amount of the income-tax payable by him in respect of income derived during the year CERTIFICATES OF TITLE. If Certificates of Title evidencing ownership ended 31st March, 1939, being the tax normally payable in February, 1940, of t be stock are required applications should be made on the prescribed form, decreased in the case of individuals by £5O and in the case of companies by No fee is payab [ e f or the issue of a Certificate of Title. £7O. For the purposes of computing this minimum subscription, which must be calculated to the nearest multiple of £lO, any income that was free of INTEREST. Interest on stock of this issue will not commence until the income-tax in the hands of the recipient shall be deemed to have been subject lst October, 1943. Thereafter interest will be paid half-yearly on the Ist April to such taxation. The tax-free income which would be taken into account in and tbe lst October; the first payment, being a full six months’ interest at this way includes dividends other than those from companies incorporated in the rate of 2 .t per cent per annum; wi ll be made on the Ist April, 1944. New Zealand, interest from tax-free Government Stock and from tax-free Interest will be paid free of inland exchange by means of interest warrants, company debentures, tax-free income derived from abroad, and also farming which wiU be transtnitted by post at the risk of the stockholder. The Reserve income where the land used had an unimproved value of less than £3,000. Bank of New Zea l and wid accept directions from stockholders for payment . , . . of interest to any agent in the Dominion; existing instructions for the payment TRUSTEE PROVISION. The Trustee Act, 1908, authorizes trustees to invest of intercst in £ ominion will obtain ’ in r of this Loan . in Government securities, and special provisions affecting trustees are contained in Regulation 20 of the Finance Emergency Regulations 1940 (No. 2), the STAMP DUTY. Transfers of stock of this issue will be exempt from Stamp effect of which is that no obligation or limitation imposed on any trustee by p. virtue of any trust, instrument, or otherwise shall prevent or excuse him from compliance with any direction, notice, or requirement under those Regulations. MINORS. Any person of the age of ten years or upwards may be registered RIGHT TO CONVERT EXISTING INTEREST-FREE LOANS. Any as thc holder of stock and ma T execute transfers thereof. person who prior to the issue of this Prospectus has made a loan free of EXCHANGE ON REMITTANCES. Cheques in payment of amounts subinterest to the Government for the purposes of the War Expenses Account ... , . T r r • t i t a. Lt- l j j n * t r wj r a * mm i . / scribed to this Loan will be accepted free of inland exchange, established under Part 1 of the War Expenses Act, 1939, may apply to convert such loan in whole or in part into an equivalent amount of stock of this issue, AOTT a a . •» i r u u ■ .4 zi * A X - a u 4. r t : i i CASH APPLICATIONS. Cash Applications, on the prescribed form, will be in which case (but not otherwise*) the amount of such original loan thus con- . , . ~ ~ ry i t wr h- i r\- • j -UK j j * • t received at the Reserve Bank of New Zealand, Wellington; at the District verted will be regarded as a contribution to this Loan. . t i i z-m • i i r-x v i l r 1 reasury. Offices at Auckland, Christchurch, or Dunedin; at any branch of Any person who makes or has made a gift to the War Expenses Account may any Bank in the Dominion, or at any Postal Money-order Office in New reduce his contribution to this loan by the amount of such gift. Zealand. The RESERVE BANK OF NEW ZEALAND gives notice that, on behalf of Applications must be for sums of £lO or for a multiple thereof, and must be the Minister of Finance, it is authorized to receive applications for the issue accompanied by a deposit of £3O per cent, of the nominal amount of stock of stock in terms of this Prospectus. applied for. Anirr-r or t m -t-i , r . i wz Default in payment at its proper date of any instalment will render any OBJECT OF LOAN. The proceeds of the issue will be paid into the War ■ i ji- li r r • j i 11 it-.: ,I- i , , r> t r < wz r- a amounts previously paid liable to forfeiture and the allotment to cancellation, Expenses Account established under Part I of the War Expenses Act, 1939; j l i- m i j j t l j l- r and the applicant will not be regarded as having contributed to this Loan. REPAYMENT. The loan will be repaid at par at the Reserve Bank of New Prepayment in full or in part may be made at any time. Zealand, Wellington, on the lst October, 1953, but any stock issued to a person in response to an application made in terms of this Prospectus will be accepted CONVERSION OFFER. Persons who prior to this issue of this Prospectus at par at any time before maturity in payment of death duties in respect of have made loans free of interest to the Government for the purposes of the that person’s estate. War Expenses Account established under Part I of the War Expenses Act, ,i. , a , . 1939, are offered conversion into an equal nominal amount of stock of lhe ultimate repayment of the Public Debt of the Dominion is, in the main, i ssue provided for under the Repayment of the Public Debt Act, 1925, in pursuance of which New Zealand’s debt-reduction resources shall be- applied in the pur- Persons wishing to avail themselves of the offer of conversion in accordance chase and redemption of New Zealand Government securities at or before with the terms set forth in this Prospectus must transmit their applications on maturity. For this purpose there is issued annually out of the Consolidated prescribed forms, accompanied by relative documents of title, if any, to Fund a sum equal to 4 per cent, of the Debt affected, and to this is added cke Reserve Bank of New Zealand, Wellington. a sum equal to interest at 31 per cent, per annum of the Debt paid off under . ~ . . . . .. , , . , this scheme. The Repayment of the Public Debt Act applies to the major Copies of this Prospectus and forms of cash application may be obtamed at portion of the Dominion’s Debt, certain loans for which adequate sinking-fund ,he Res « ve , Ba " k of New Zealand, Wellington; at the District Treasury Offices provisions are specifically provided, and also the portion of New Zealand’s at Auckland, Christchurch, or Dunedin; at any branch of any Bank m the War Debt funded with the Imperial Government, having been excluded from Dominion; at any Postal Money-order Office in New Zealand; or from the Debt Repayment Scheme. members of any Stock Exchange in the Dominion. rcrrmT-TTrc r-, t a Forms of application for the conversion offer arc obtainable at the Reserve SECURITIES. New Zealand Government Stock transferable by Memorandum Bank of New Zca [ andj Wellington, only. of Transfer will be issued on or after the 25th March, 1941, on surrender of fully-paid Allotment Letters. , An adi'ertisement authorised by the Reserve Bank of New Zealand, Wellington, 26th September, 194°THE LIST OF APPLICATIONS WILL BE CLOSED ON 18th OCTOBER, 1940

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