HomeMy WebLinkAboutThe Wingham Advance-Times, 1958-07-16, Page 7". aiusiurr! PROGIIIISS
HONOURABLE -DONALD Mi.. 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 is accordance 'with, the terms of the offering.
This Canada Conversion Loan of 1958 represents
the
larg est financial opAeration 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
oily to convert into the new non -callable -
CANADA C ON VEIS 1.0 N LLOAN
OF 1958
• In'Madditian
qo 25 YEAR.
BONDS
you receive an immediate
c adjustment
In no case is the bondholder required to make
• ° .any payment to convertinto the new longer term
bonds onwhich 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 :orother financial adviser about the
terms of the conversion offer.
ALSO AVAILABLE;
445;14 YEAR BONDS'
34 7k, YEAR- BONDS
3% 31 ,YEAR BONDS
Applications may be filed and cash adjustrents
received now. Be sure you share to the full
in this unprecedented ` opportunity,
OFFICIAL CAMPAIGN BEGINS AUGUST STN
• FOR A LIMITED PERIOD