Page 16 Advertisement 1

New Zealand Listener, Volume 4, Issue 81, 10 January 1941, Page 16

DOMINION OF NEW ZEALAND NEW ZEALAND GOVERNMENT NATIONAL DEVELOPMENT LOANS 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. Issue of Stock in either of the following forms: 31 Per cent: Stock 3 Per cent. Stock repayable 15th January , 1956/1959 repayable 15th July, 1945 First interest payment, 15th July, 1941. First interest payment, 15th July, 1941. PRICE OF ISSUE: PRICE OF ISSUE: {97 5s. Per cent. E1oo Per cent. Payable on Application: Payable on Application. Interest Payable 15th January and 15th July RESERVE BANK OF NEW ZEALAND gives notice that, on behalf of the Minister debt-reduction resources shall be applied in the purchase and redemption of New Zealand THE of Finance it is authorised to receive applications for the issue of stock in terms of this Government securities at or before maturity. For this purpose there is issued annually out of Prospectus. the Consolidated Fund a sum equal to 1/2 per cent of the Debt affected, and to this S added a sum equal to 31/ per cent. per annum of the Debt paid off under this scheme. The PURPOSE OF LOANS The proceeds of these Loans are to be utilised for general develop- Repayment of the Public Debt Act applies to the major portion of the Dominion 5 Debt, mental purposes comprising railway construction and improvement, hydro-electric develop- certain loans for which adequate sinking -fund provisions are specifically provided, and also ment, land development and afforestation, housing; roads and highways, and public buildings, the portion of New Zealand 5 War Debt funded with the Imperial Government, having been including telegraph and telephone extension. excluded from the Debt Repayment Scheme. SECURITIES: New Zealand Government Stock will be issued in either of the following TRANSFERS_ The Register of Stock will be kept at the Reserve Bank of New Zealand, forms as applicants may direct: Wellington, where transfers will be registered WI- thout payment of any fee. Stock will be (1) Registered Stock transferable by Memorandum of Transfer. transferable in amounts of 85 or multiples thereof . Stock Certificates until the name of some person is inserted therein as the holder ) are (2 ) Stock Certificate ( s ) to bearer with coupons annexed. transferable by delivery. Registered Stock will be convertible into Stock Certificates to bearer, and Stock Certificates will be convertible into Registered Stock; without payment of any fee. CERTIFICATES OF TITLE_ If Certificates of Title evidencing ownership of the stock are required applications should be made on the prescribed form. No fee is payable for the A TRUSTEE INVESTMENT Trustees may invest in these Loans under the powers of the issue of a Certificate of Title. Trustee Act; 1908, unless expressly forbidden by the instrument (if any ) creating the Trust: STAMP DUTY: Transfers of this stock will be exempt from Stamp Duty. INTEREST Interest will be paid half-yearly on the 15th January and 15th July. The first interest payment will be calculated from the date on which the application, accompanied by MINORS. Any person of the age of ten years or upwards may be registered as the holder payment 'in full, 1S lodged with any Receiving Agency nominated in this Prospectus, and of stock and may execute transfers thereof. will be made on the half-yearly interest date next following that date. Interest on Registered EXCHANGE ON REMITTANCES Cheques in payment of amounts subscribed to these Stock will be paid free of inland exchange by means of interest warrants, which will be Loans will be accepted free of inland exchange: transmitted by post at the risk of the stockholder. The Reserve Bank of New Zealand will accept directions from stockholders for payment of interest to any agent in the Dominion; APPLICATIONS: Applications, which must be accompanied by 8 remittance for the full existing instructions for the payment of interest in the Dominion will obtain in respect of issue price of the stock applied for, will be received at the Reserve Bank of New Zealand, these Loans. Interest on Stock Certificates to bearer will be paid free of inland exchange Wellington; at the District Treasury Offices at Auckland, Christchurch, or Dunedin; at any by means of coupons annexed to the Certificates. Interest coupons may be presented at the branch of any Bank in the Dominion, or at any Postal Money-order Office in New Zealand. Reserve Bank of New Zealand; Wellington; at any branch of the Bank of New Zealand in the Applications must be for sums of � 10 or for a multiple thereof. Dominion; or at any Postal Money order Office in New Zealand: Commission at the rate of 5s. per �100 stock will be allowed to bankers and registered REDEMPTION OF LOANS. If not previously redeemed, the 31/4 per cent Loan 1956/1959 sharebrokers on applications bearing their stamp: will be paid off at par at the Reserve Bank of New Zealand on the 15th January, 1959, but Copies of this Prospectus and forms 0f application may be obtained at the Reserve the Minister of Finance reserves the right to repay at par at any time on or after the Bank of New Zealand Wellington; at the District Treasury Offices at Auckland: 15th January, 1956, on giving three months' notice in the New Zealand Gazette of his Christchurch, or Dunedin; at any branch of any Bank in the Dominion; at any Postal intention to repay. Money-order Office in New Zealand 0 or from members of any Stock Exchange in the If not previously redeemed, the 3 per cent Loan 1945 will be paid off at par at the Dominion. Reserve Bank of New Zealand on the 15th July, 1945. The eltimate repayment of the Public Debt of the Dominion is, in the main, provided for An advertisement authorised by the Reserve Bank of New Zealand , Wellington, under the Repayment of the Public Debt Act; 1925, in pursuance of which New Zealand' $ 3rd January , 1941. The list of applications will be opened forthwith and may be closed as regards either stock at any time determined by the Minister of Finance.