Internal War Loans Belligerent Countries

Kingdom of Hungary
6% Royal Hungarian Tax Free Installment
Loan
Dated—November I, 1914.
(First War Loan)
Due—No fixed date of maturity. Registered bonds held by
original subscriber for five years without change of registry
are redeemable at par at the option of the holder between
November 1, 1919 and November 1, 1920.
Period of Subscription—November 16, 1914 to November 23,
1914.
Right of Redemption—The Government reserves the right to
redeem at any time in whole or in part on three months'
notice. It was stated in the prospectus that this right
would probably not be exercised before November 1, 1919.
Interest Dates—May 1 and November 1.
Issue Price—gyy2 for fully paid allotments, 98 for installment
allotments.
Form and Denomination—Coupon or registered bonds in denominations
of 50, 100, 1,000 5,000 and 10,000 crowns.
Method of Subscription—Subscriptions were received at the
Royal Treasury in Budapest and branches, at all tax offices,
post offices, postal savings banks, at the head office of the
Austro-Hungarian Bank and its branches in Hungary, Bosnia
and Herzogovina, and at many other private banks and
institutions.
Method of Payment—Subscriptions not exceeding 100 crowns
were payable in full. Other subscriptions were payable
in full or by installments as follows : 10% as a pledge
upon application, 40% of issue price not later than December
12, 1914, 30% not later than December 22, 1914, and
30% not later than January 8, 1915. All without accrued
interest. The original pledge of 10% was credited to the
last installment except in case of deposited securities which
were returned at the request of the depositor. The pledge
could be made in cash or acceptable securities except at tax
offices, post offices and government offices where cash only
was received.
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