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THE HONGKONG GOVERNMENT GAZETTE, AUGUST 13, 1915.
No. 367. It is notified for information that Subscriptions to the War Loan will be received by the Hongkong and Shanghai Banking Corporation until further notice and that application forms may be obtained on application to the bank.
The following particulars are published for guidance.
£4 10s. % WAR LOAN, 1925-1945.
SUBSCRIPTION THROUGH THE POST OFFICE.
Issue of Stock or Bonds,
Bearing Interest at 43% per annum, payable half-yearly on the 1st June and the 1st December.
PRICE OF ISSUE FIXED BY H.M. TREASURY AT £100 PER CENT.
The Stock is an investment authorized by “The Trustee Act, 1893,” and Trustees may invest therein, notwithstanding that the price may at the time of
investment exceed the redemption value of £100 per cent.
If not previously redeemed the Loan will be repaid at par on the 1st December, 1945, but H. M. Government reserve to themselves the right to redeem the Loan at par at any time on, or after, the 1st December, 1925, on giving three calendar months" notice in the London Gazette.
Subscribers to this Loan through the Post Office will receive in all respects as favour- able terms as subscribers of large amounts through the Bank of England, and they will be entitled to the same privileges as subscribers through the Bank of England as regards future loans or the conversion of existing Government Stocks.
Sales of Stock to the amount of £5, or multiples of £5, will be effected through the National Debt Commissioners on application at a Post Office at the market price of the day, less commission.
FOR PERSONS DESIRING TO INVEST SUMS OF £5 OR MORE.
Applications will be received at any Money Order Office.
Applications must be for £5 or any multiple of £5. Applications for sums in excess of £200 will be transferred to the Bank of England and will be dealt with by them.
Payment for the Stock applied for will be required at the time of application and a discount of eight pence in respect of each £5 will be allowed, that is to say, £5 Stock may be obtained for the payment of £4 19s. 4d.
After registration, a Stock Certificate will be sent to the subscriber. ⠀
A full half-year's Dividend will be paid on the 1st December, 1915.
Dividends will be due on 1st June and 1st December of each year at the rate of £4 10s. Od. per cent.
Dividends on Stock held in the Post Office will be remitted to the subscriber by warrants payable on demand at any Money Order Office on production of his Stock Certi- ficate, or will be credited to him in a Savings Bank account,
as he may decide.
His Majesty's Government reserve the right to close the lists for investment by this method at any time.