HomeMy WebLinkAboutThe Huron Expositor, 1958-07-18, Page 9k?:
'ABILITY PROGE68S
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HONOURABLE DONALD ;M: FLEMING,
MINISTER OF FINANCE
of the Government of Canada;, announces do offer to replace
�rll unmatured 3% Victory Bonds with new 41/2% :25 -year
bonds, or with other shorter term bonds at rother ' interest
Grates in accordance with the terms of . the .offering. --
is Canada Conversion Loan. of 1958 represents
the largest financial operation ever carried out in ;'Canada,
in time of ;peace orwar it is ;designed tore-organize over
40% of the National Debt; on a basis' which will -provide ' -a
higher; income -for those investors -taking -advantage of it,
and. cit :the , same time reduce for the Government' the
volume of financing to be done in 1959.and subsequent
years through 1966.
All holders of `unrnatured 3%. Vactory Bonds
(Canadians now own a total outstanding amount
of. $6,416 million) are now offered the opportu-
nity
PPortu
nity to convert info the new non -callable
.15
►LSO. A'V,AI AB:L
u receive an mune
e
Cash adjustment"
4.
n no ccue is the bondholder <;required : to make
any.payment to convert into the new longer term
bonds on which he will receive higher interest
than on the old bonds.'
YOU are urged to consult. immediately •with
your investment- dealer,' bank, trust or loam..:
sompany., or others financial adviser .about the.
terms of the sonversioa offer»: ,
LBON D
.. Appl cations:may- be filed and cash adjustments
received now. Be sure you . share to " the lull
in this' unprecedented opportunity.
OFFICIAL , CAMPAIGN - BEGINS AUGUST
FOR A LIMITED ' PERIOD