Page 27 Advertisement 1

New Zealand Listener, Volume 30, Issue 777, 11 June 1954, Page 27

N.Za GOVERNMENT 1954 NATIONAL DEVELOPMENT LOAN ISSUE OF 430,000,000 33% STOCK in THE following Options, Term-5 years_maturing 15th Septy 1959, at 81009 2 Term-_I1 years_maturing I5lh Sept, 1965, at 898% Term-15 years_maturing I5lh Septs 1969, at 897-10-0% Term-20 years__maturing 1 Sth Sept,, 1974, at 897% INVESTORS MAY SELECT AT THEIR OPTION THE MATURITY DATES THEY PREFER OBJECTS OF LOAN: The proceeds of the Loan TERMS OF ISSUE: Payment for stock mav be made in either af two ways will be uscd in part for the repayment of existing (a) Cash in full with application, Loans but principally for essential devclopment (b) In instalments, xo" 0 On application, {40" 0 works New Zealand on 2nd August, 1954, and balance on st throughout Oetober, 1954. Interest will accrue from date of lodgment_ with pay- Important development works, vital to the ments half-yearly on ISth March and ISth September. country's progress and prosperity; include Houses, First interest pay ment ISth September 1954, on applications which are paid in full by that date and Schools, Post Oftices, Electric Power Stations, on ISth March 1955,on applications fully paid after Land Development, Mines, Roads, Bridges, and ISth September. AlI applications Or instalment subscriptions are free of Inland Exchange: Railway and Telephone equipment: An Authorised Trustee Investment. YOUR MONEY EARNS INTEREST FROM THE DAY IT IS LODGed SECURiTIES Stock will be issued in cither of the following forms Ordinarv stock, transferable without payment of any fce Or stamp duty unlcss hy wav of gift. Death Duty Stock-may be tendered at par in payment of Death Dutics, or At par in payment of Income Tax or Social Security charges in respect of the holder 8 estate: Not transferable; but may be exchanged for Ordinary Stock This Death Duty Stock gives prudent investors with available cash the desirable opportunity to provide noW for taxation charges accruing at the time of death. REBATE OF INCOME TAX: Where applicable, 1/6 Social Security Tax will be assured of a rebate a rebate of Income Tax will be granted to investors of tax on the interest derived from this stock: to ensure 4 minimum net return of 2 per cent interest CONVERSION: Holders of 0 stock per anUm on the nominal value of stock in this Ist August 1954, and of 2 ! 0 sock n maruring"5"6 0 Issue aftcr payment of Income Tax and Social ugust 1954 may surrender such stock 4( par a5 Security charge 0n such interest. For thc purpose from 3Ist May 1954, in payment for stock of this of ca lculating the rebate, the interest on this stock issue. will bc deemed to be the final increment of tke Fractional amounts of L1o of the 3 and 2 4 V; 1954 0 0 investor' $ income. maturing stock remaining in the names of stock This means that any subscriber t0 this Loan who is holders after conversion will be paid to them in eash paying more than Z/1 in the 6 Income Tax plus a8 soon 48 practicable after closing date of this Loan: Absomze _ Sepundry o lrwnesunent; Copies of Prospectus and Application Forms may be obtained from tbe Resorve Bank of New Zealand any Branch of any Bank; includ: ing Trustee Savings Banks, District Treasury Offices, aHy" Postal Money Order Office , or anv mnember of the Stock Excbange. AA