Page 63C Advertisement 1

Progress, Volume XVI, Issue 3, 1 November 1920, Page 63C

Interest on second, third, fourth, and fifth lodgments of instalment allotments will date from the respective dates of payment shown under heading “Lodgments.” Interest on Inscribed Stock will be paid by Dividend Warrant, which will be transmitted by post, or the amount will be credited to a banking account; at the option of the subscribers. Interest on Bonds will be paid on production of Coupon, except the first payment which will be by Treasury cheque. Both Warrants and Coupons will be payable, free of exchange, at the Treasury, Wellington, or at any Postal Money-order Office or branch of the Bank of New Zealand in the Dominion, or in London or Australia as may be arranged. CONVERSION.— HoIders of Bonds issued under this Loan will have the option of converting such Bonds into five and a half per cent. Inscribed Stock on any half-yearly due date of interest. LODGMENTS. Forms of application may be obtained and lodgments made at any Postal Money-order Office, or at any branch of any Bank, or at the Treasury, at Wellington. Lodgments will be made as follows: — Fully-paid Allotments — On application .... .... .... 100 per cent. Instalment Allotments — 20 per cent, on application (first instalment); 20 per cent, (second instalment), Monday, 10th January, 1921; 20 per cent, (third instalment), Thursday, 17th February, 1921; . 20 per cent, (fourth instalment), Monday, 21st March, 1921. 20 per cent, (fifth instalment), Thursday, 28th April, 1921. Instalments may be prepaid. In case of default in the payment of any instalment at its due date, instalments previously paid will be liable to forfeiture: Provisional receipts will be issued for all payments, and in the case of investments in Bonds these receipts will be exchangeable for Bonds to Bearer as soon as the latter can be prepared. In the case of Stock Investments, Inscription-certificates will be posted to investors when the amounts are fully paid up.