400
THE HONGKONG GOVERNMENT GAZETTE, AUGUST 13, 1915.
Dividends will either be remitted to you by warrant payable on demand at any Money Order Office on production of your Stock Certificate, or will be credited to you in a Savings Bank Account, as you may desire.
Applications exceeding £200 will be accepted by the Post Office, but will then be transferred to the Bank of England and dealt with by them.
His Majesty's Government reserve the right to close the lists for investment by this method at any time. You should, therefore, purchase any Stock you require as soon as possible.
FACILITIES FOR THE INVESTMENT OF SMALLER AMOUNTS.
You may purchase at any Money Order Office "Scrip Vouchers" of the value of 5s., 10s., and £1.
Scrip Vouchers of the amount of £5 or any multiple of £5 can be exchanged at any Money Order Office between 1st December and 15th December, 1915, for a receipt. You will then be sent a Stock Certificate and be registered as the holder of a corresponding amount of War Loan.
You will be entitled to interest on the amount you have invested at the rate of 1d. per £1 (id. for 5s.) for each complete month from the date of purchase of each Scrip Voucher up to 1st December, 1915, and you will receive in addition a bonus of one shilling for each £5.
On the 1st of June and 1st of December in each subsequent year you will receive a half-yearly dividend at the rate of 4 per cent. per annum.
Dividends will be paid you by warrant payable on demand at any
Post Office on production of your Stock Certificate, or will be credited to you in a Savings Bank Account, as you may desire.
Scrip Vouchers can be deposited in the Savings Bank at any time, but in that case you will only receive interest at the ordinary Savings Bank rate as from the first day of the month following the date of deposit, and no interest for the time between the purchase of the Vouchers and their deposit, and no bonus.
If you hold at the beginning of December, 1915, a total amount of Scrip Vouchers exceeding an even £5 or a multiple of £5, the Post Office will repurchase the excess from you at face value without interest, or you may retain them for further investment in Stock on conditions to be announced later.
EXAMPLE:
If you purchase Scrip Vouchers to the following amounts in each month, the Table below will show the interest you will be entitled to on exchanging them for War Loan in December.
Purchases in June
€1 10 0
Number of complete months. 5
Interest.
74d.
July
€1 15 0
7 d.
39
14
August
£2 10
73d.
September
£2 10 0
5 d.
15
October...
€1 0 0
1 d.
""
November..
£1 15 0
D
Total
€11
2s. td.
You will then have purchased £11 of Vouchers, £10 of which you can exchange at a Money Order Office for Stock, and the remaining £1 you can receive in cash or retain for later investment, or you may deposit it in the Post Office Savings Bank. You will receive 2s. 4d. interest as above to 1st December, 1915, and 2s. bonus-total 4s. 4d.-and subsquently, so long as you hold the Stock, you will receive a Dividend of 4s. 6d, on 1st June and 1st December in each year.
War Loan purchased through the Post Office may be sold at any time at market price, less 'a small commission, on application at any Money Order Office.