HomeMy WebLinkAboutClinton News-Record, 1958-07-17, Page 10`;•1? 215; El
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CONFINER:II STABILITY a
,
PROGRESS
TO
ALL HOLDERS OF
VICTORY BONDS
HONOURABLE DONALD M. FLEMING,
MINISTER OF FINANCE
of the Government of Canada, announces an offer to replace
all unmatured 3% Victory Bonds with new 41/2% 25-year
bonds, or with other shorter term bonds at other interest
rates in accordance with the terms of the offering.
This Canada Conversion Loan of 1958 represents
the largest financial operation ever carried out in Canada
in time of peace or war. It is designed to re-organize over
40% of the National Debt on a basis which will provide a
higher income for those investors taking advantage of it,
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and at the same time reduce for the Government the
volume of financing to_be done in 1959 and subsequent-
years through 1966.
All holders of unmatured 3% Victory Bonds.
(Canadians now own a total outstanding amount
of $6,416 million) are now offered the opportu,
nity to convert into the new non-callable
CANADA CONVERSION LOAN
OF 1958
In addition
41 1% 25 YEAR
'111 2 BONDS
1 ALSO AVAILABLE:
C% 14 YEAR BONDS.
3r 7 YEAR BONDS
3% 31 YEAR BONDS
you receive an immediate
cash adjustment
In no case 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 loan
company or other financial adviser about the
terms of the. conversion offer.
Applications may be filed and cash adjustments-
received now. Bo, sure you share to the full
in this unprecedented opportunity.,
OFFICIAL CAMPAIGN BEGINS AUGUST Tell
FOR A LIMITED PERIOD •
J