Internal War Loans Belligerent Countries

Holland
5% Voluntary Loan
(First Mobilization Loan)
Dated—February i, 1915.
Due—December 31, 1929.
Period of Subscription—January 2, 1915 to January 11, 1915.
Right of Redemption—Not redeemable in full before January
1, 1918, but each year beginning 1916 and continuing until
the end of 1920, unless sooner redeemed, bonds of a par
value of approximately 13,750,000 florins are to be drawn
by lot for redemption at par. After 1920 the yearly amounts
drawn will be increased. Drawings are to take place at
least six weeks before redemption and interest on drawn
bonds ceases on the date fixed for their redemption. Bonds
must be presented for payment within ten years of the day
upon which they become redeemable.
Interest Dates—February 1 and August 1.
Issue Price—100.
Form and Denomination—Coupon bonds in denominations of
100, 200, 500 and 1,000 florins.
Method of Subscription—Subscriptions were received at the
offices of the Agent of the Minister of Finance in Amsterdam,
at all Government Paymasters' offices, offices of collectors
of direct taxes in towns where there were no paymasters'
offices and at post offices in places where there
were neither paymasters nor collectors of direct taxes.
In case voluntary subscriptions to this loan did not
amount to 275,000,000 florins the law provided for compulsory
subscription to a 4% loan to make up the deficiency.
Those who subscribed to the voluntary loan were to be
released from the payment of an amount equal to that of
their subscription to the voluntary loan in case of compulsory
participation in a forced loan. The forced 4% loan
was to be the same in all respects as the 5% voluntary loan
except in interest rate and loan value. The Netherlands
Bank agreed to loan up to 95% of the face value of bonds
of the voluntary loan at a rate of 5% per annum while it
was stated as probable that only 80% of the face value of
bonds of a forced loan would be advanced, at a rate of interest
not less than 5% per annum.
Limited Companies (incorporated societies), partnership
companies, co-operative societies and mutual insurance companies,
with the exception of the Netherlands Bank, which
are, or will be, assessed on account of trade tax on dividends
to a total amount of 10,000 florins for the business year,
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