Internal War Loans Belligerent Countries

able with the last installment. Payment could be made in
full on and after allotment and before August 30, 1917.
Notice of intention to make payment in full was required
on allotments exceeding $10,000. Applications for $50 and
$100 were allotted at once. United States Certificates of
Indebtedness issued under Act of April 24, 1917, were accepted
at par and accrued interest in payment of subscriptions.
Fiscal Service—Principal and interest payable- in United
States gold coin of the present standard of value. Payments
made at the Treasury Department, Federal Reserve
Banks or other designated agencies. *
Taxation—Exempt as to principal and interest from all taxation,
except estate or inheritance taxes imposed by authority
of the United States or its possessions, or by any State
or local taxing authorities.
Collateral Privileges—Bonds are receivable as security for deposits
of public moneys, but do not bear.the circulation
privilege.
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