HomeMy WebLinkAboutThe Exeter Times-Advocate, 1958-07-17, Page 9•••
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HONOURABLE DONALD M. FLEMINGA
MINISTER OF FINANCE
of the Government of Canada, announces an offer to replace
all unrnaturecl 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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The Thees.A vecife, July 17, 111.50 Ps 9
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
2 5 'YEAR
ONDS •
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• In 'addition
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 redive higher interest
•
than on the olct bonds.
YOU ate urged to consult immediately with
your lnyestment cleoler, honk, trust or loon
company or other financial adviser about the
terms of the conYersion offer.
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ALSO AVAILABLE,
4r 14 YEAR BONDS
arr 7 YEAR BONDS
3% 31. YEAR BONDS
Applications may be filedand cash adjustments
received now. Be sure you share to the hill
in this unprecedented opportunity.
OFFICIAL CAMPAIGN BEGINS AUGUST SYN
FOR A LIMITED PERIOD