Internal War Loans Belligerent Countries

to and including April 30, 1917, will likewise be obliged to
subscribe to this forced loan to the extent of three-fourths
of the amount of taxable dividends thus distributed, in accordance
with the Income Tax Law of 1914.
The amount of participation in the forced loan was based
on the assessed value of property as of May 1, 1917, as
determined under the last assessment under the Property
Tax for the year 1917-1918. The schedule of participation
was as follows :
Assessed Value of Property
Requisite Participation in
% of Property
(to nearest 200 Florins)
Florins 75,000 u P t 0 and incl tiding 99,000 i-5
et t
100,000 '
' 124,000 3-
ti t
125,000 '
' 149,000 4-
150,000 ' ' " ' 199,000 5-
' " i
200,000 '
' 299,000 6.
t tt t
3t>o,ooo '
' 399,000 6.5
400,000 ' ' " ' ' 499,000 7-
ti i
500,000
' 749,000 7-5
a t
750,000 '
' 999,000 8.
t (t t
1,000,000 '
' 1,499,000 8.5
t it (
1,500,000
' 1,999,000 9-
2,000,000 ' ' " ' ' 4,999,000 9-5
t tt t
5,000,000
' 9,999,ooo 10.
0,000,000 a nd aver
10.5
The 4}4% Voluntary Loan was oversubscribed and compulsory
subscription was not resorted to.
Method of Payment—Subscriptions upon allotment were payable
50% February 7, 1918, 10% March 7, 1918, 20% April
8, 1918, and the balance May 7, 1918. Any or all installments
could be paid in advance after January 31, 1918, provided
such payments were in multiples of 100 florins. Interest
payment was made by coupons maturing August 1,
1918, on payments to this loan. The Netherlands Bank
financed subscriptions to this loan upon 5% margin of either
cash or Dutch securities. Five per cent bonds of the First
Voluntary or Mobilization Loan, outstanding and not
drawn for redemption were accepted in payment of this
loan to an amount equal to the amount subscribed to this
loan, at 100.50 with coupons maturing August 1, 1918 and
thereafter, attached, the exchange taking place as of February
1, 1918. The Government signified its intention of
redeeming such bonds of the First Mobilization Loan at
100 as were not converted.
Collateral Privilege—Bonds of this loan were accepted by the
Netherlands Bank as collateral at 95.
Commission—Bankers, brokers and jobbers were allowed a
commission of three-sixteenths per cent of the amount allotted
to them on condition that they were established in
Holland or in the Dutch Indies with an office in Holland.
137