Page 14 Advertisement 1

New Zealand Listener, Volume 10, Issue 244, 25 February 1944, Page 14

OOMINION Of New ZEALAND Oa NEW ZEALAND GOVERNMENT CONVERSION LOANS Authorised to be raised in accordance with the Provisions of the New Zealand Loans Act, 1932, vhereby the interest and principal are a direct charge upon the public revenues of the Dominion: ISSUE OF 3% Stock maturing I5th April; 1960-63, with a premium of 93 per cent: and 23% Stock maturing 15th April, 1949-51 , with a premium of f1 per cent: In Exchange for 4% Stock and Debentures maturing 15th February; 1943-46 OFFER OF CONVERSION: INTEREST ON CONVERTIBLE The Reserve Bank of New Zealand gives SECURITIES: notice that on behalf of the Minister of Interest on the 4 per cent: Stock Or Finance it is authorised to receive Debentures maturing 15th February, applications for the issue of Stock in 1943-46, will be calculated up to and conversion of 4 per cent Stock and paid on the 1Sth May, 1944, after Debentures maturing 1Sth February, which date interest will cease. 1943-46. In accordance with the terms of the SECURITIES NOT CONVERTED: Prospectus, holders of convertible secu- Convertible securities subject to this rities are offered conversion as from offer and not converted, will be repaid the 1Sth May, 1944, into either: at par on the 1Sth May, 1944, on pre- sentation to the Reserve Bank of New (a) 3 per cent. Stock maturing 1Sth Zealand of a request for redemption on April, 1960-63, or the prescribed form, accompanied by (b) 2V2 per cent. Stock maturing ISth the relative documents of title such as April, 1949-51. debentures (with interest coupons intact in respect of the period subsequent to the 15th February, 1944) or certificates PREMIUM ON CONVERSION: of title to stock where such titles are Holders who tender their convertible on issue_ securities for conversion in terms of the Prospectus will receive new securities of APPLICATIONS: the same nominal value, plus a pre- mium of: Applications for conversion may be for the whole or a part of any holding to (1) 83 per centum on the nominal which this offer applies; but must be value of the securities tendered for a multiple of E5, and must be for conversion into the 3 per accompanied by any relative documents cent: loan maturing 1Sth April, of title, such as debentures or certifi- 1960-63. cates of title to stock in cases where such certificates have been issued. (2) �1 pet centum on the nominal value of the securities tendered for conversion into the 2V2 per COPIES OF PROSPECTUS and forms of cent. loan maturing 1Sth April; application may be obtained at the 1949-51. Reserve Bank of New Zealand, Well- ington; at the District Treasury Offices AlI premiums due on conversion will be at Auckland, Christchurch or Dunedin; met by the issue of securities in the at any branch of any Trading Bank in new loans for amounts of E5 or mul- New Zealand, or at any Postal Money- tiples thereof. Fractional amounts of E5 order Office in the Dominion; at any of will be paid in cash on the conversion which places completed applications for date. conversion may be lodged: EARLY ACTION IS NECESSARY_List Closes IIth March; 1944 An advertisement authorised by the Reserve Bank of New Zealand, Wellington: