HomeMy WebLinkAboutThe Seaforth News, 1958-07-17, Page 6`ONFlDE1SCII - STABILITY . PROGRESS
TO
ALL HOLDERS OF
VICTORY BONDS
HONOURABLE DONALD M. FLEMING,
MiNOSTER OF FINANCE
of the Government of Canada, announces an offer to replace
all unmatured 3% Victory Bonds with new 4%s% 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,
TETE SEAFORTH NEWS—Thursday, July 17, 1958
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
CO VE
OF 1958
% 25
In addition
you receive an immediate
cash adjustment
terms of the conversion offer.
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.
N LEAN
E
ALSO AVAILABLE:
41% 14 YEAR BONDS
34% 7 YEAR BONDS
3% 34 YEAR BONDS
Applications may be filed and cash ad justments
received now. Be sure you share to the full
in this unprecedented opportunity.
OFFICIAL CAMPAIGN BEGINS AUGUST 5TH
FOR A LIMITED PERIOD