Loading...
The Brussels Post, 1941-6-4, Page 6niE BRUSSELS POST The Minister of Finance of the Dominion of Canada offers for public subscription $600,000,000 VICTORY LOAN 1 9 4 1 Dated and bearing interest from 15th June 1941, and offered in two maturities, the choice of which is optional with the subscriber, as follows: Five and one-half year 2% BONDS, DUE 15th DECEMBER 1946 PAYABLE AT MATURITY AT t00% Non -callable to maturity Interest payable 15th June and December Denominations, $1,000, $5,000, $25,000 ISSUE PRICE: 99%, yielding 2.19% to maturity Ten-year 3% BONDS, DUE 15th JUNE 1951 PAYABLE AT MATURITY AT tot%a Callable at 101% in or after 1950 Interest payable 15th June and December Denominations, $50, $100, $500, $1,000, $5,000, $25,000 ISSUE PRICE: 100%a, yielding 3.09% to maturity Principal and interest will be payable in lawful money of Canada; the principal at any agency of the Bank of Canada and the interest semi-annually, without charge, at any branch in Canada of any Chartered Bank. Bonds may be registered as to principal or as to principal and interest. CASH SUBSCRIPTIONS Cash subscriptions for either or both maturities of the loan may be paid in full at the time of application at the issue price in each case without accrued interest. Bearer bonds with coupons will be available for prompt delivery. Cash subscriptions may also be made payable by instalments, plus accrued interest, as follows - 10% on application; 15% on 15th July 1941; 15% on 15th August 1941, 20% on 15th September 1941; 20% on 15th October 1941; 20.71% on the 3% bonds oe 19.52% on the 2% bonds, on 15th November 1941. The last payment on 15th November 1941, covers the Final payment of principal, plus .71 of 1% in the case of the 3% bonds and .52 of 1% in the case of the 2% bonds representing accrued interest from 15th June 1941, to the due dates of the respective instalments. CONVERSION SUBSCRIPTIONS Holders of Dominion of Canada 5% National Service Loan Bonds due 15th November 1941, may, for the period during which the subscription lists are open, tender their bonds with final coupon attached, in lieu oF cash, on subscriptions for a like or greater par value of bonds of one or both maturities of this loan. The surrender value of the National Service Loan 5% Bonds will be 102.15% of their, par value, inclusive oF accrued interest; the resulting adjustment to be paid in cash. THE MINISTER OF FINANCE RESERVES THE RIGHT TO ACCEPT OR TO ALLOT THE WHOLE OR ANY PART OF THE AMOUNT OF THIS LOAN SUBSCRIBED FOR CASH FOR EITHER OR BOTH MATURITIES IF TOTAL SUBSCRIPTIONS ARE IN EXCESS OF $600,000,000. THE PROCEEDS OF THIS LOAN WILL BE USED BY THE GOVERNMENT TO FINANCE EXPENDITURES FOR WAR PURPOSES. SUBSCRIPTIONS MAY BE MADE THROUGH ANY OFFICIAL REPRESENTATIVE, ANY VICTORY LOAN COMMITTEE OR MEMBER THEREOF, ANY BRANCH IN CANADA OF ANY CHARTERED BANK, OR ANY AUTHORIZED SAVINGS BANK, TRUST OR LOAN COMPANY, FROM WHOM MAYBE OBTAINED APPLICATION FORMS AND COPIES OF THE OFFICIAL PROSPECTUS CONTAINING COMPLETE DETAILS OF THE LOAN. THE LISTS WILL OPEN ON 2ND JUNE 1941, AND WILL CLOSE NOT LATER THAN 21ST JUNE 1941, WITH OR WITHOUT NOTICE, AT THE DISCRETION OF THE MINISTER OF FINANCE Department of Finance, Ottawa, 31st May 1941: flacon County Victory Loan .1941 Organization PUBLICITY BULLETIN i