HomeMy WebLinkAboutThe Lucknow Sentinel, 1958-07-23, Page 7�1FDNEA:.,'Y'xd 1958•
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HONOURABLE' DONALD M FLEMING,r.
MINISTER. O:F F'I:NANCE
-of .the Government of Canada, announces an offer
to: replace •all unmatured 3% Victory Bonds. with
new. 41% '25 -year bonds, or with . other shorter
term bondsat other, :interest rates. in accordance
with the 'terms of .the offering.
This . Canada Conversion Loan of ::1.958
represents the largest financial operation ever:
carried out in . Canada in/,, time o f .peace or war...
It :is; 'designed..; to re -organize' : over :• 40%. of the.
National. Debt on ra basis which: will provide/a
•
n add ion.
�u receive an IMO*: la
cash adjustment
higher income. for those investors 'tak . Advanta a ..
••of: it, and, at • the •some time reduce for the Govern
ment• the, volume of :financing to: be done in 1959,,
and subsequent ,years through 1966,
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All holders of .unmatared;3°fo Victory
Bonds (Canadians now .`.own a total p.ut
standing amount`of •$6,41;6 "million) are now
offered the opportunity~ fo Convert into .'the,
new .non=callable
In no case is tl�e bondholder required..
to maker ani p4y'rnen`t to..,�con e�t�:rn ®
••
the :new conger term bonds ;on. which'
he + will •
.rec• eive higher interest; than
on the .old bonds:
YOU are urged' 101. consult imma-•
diatel with :yon ' investment
y an
orloancompy . other:
bank trust :
f inancicl adviser about the t�errns of:.
�..t.he conversion•
offer. • •
•
ApOlrcations may bellied and ,cash a fu` st-
ments received row. } : Be sure:, you share to
the full in • this unprecedented. opportunity. •
OFFICIAL CAMPAIGN B GINS AUGUST
AOR A IMIT PERIOD
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