Internal War Loans Belligerent Countries

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United Kingdom of Great Britain and Ireland 4>4% War Loan 1925-1945 (Second War Loan) Dated—June 1, 1915. Due—December 1, 1945. Period of Subscription—June 21, 1915 to July 10, 1915. Right of Redemption—Redeemable at par and accrued interest on or after December 1, 1925, on three calendar months' notice in the London Gazette. Interest Dates—June 1 and December 1. Issue Price—100. Form and Denomination—Coupon Bonds in denominations of £100, £200, £500, £1,000, £5,000 and £10,000 and Inscribed Stock. Inscribed Stock exchangeable for Bonds to Bearer at any time without charge, and bonds to Bearer exchangeable for Inscribed Stock on payment of a fee of one shilling per bond. Inscribed Stock is transferable in any sums which are multiples of a penny. Convertibility—Stock and Bonds of this issue will be accepted at par and accrued interest as the equivalent of cash for the purpose of subscribing to future issues (other than issues made abroad or issues of Exchequer Bonds, Treasury Bills-, or similar short-dated securities) made by the Government for the purpose of carrying on the war. Method of Subscription—Subscriptions received at the Bank of England, either direct or through the medium of any Banker, Money Order office or principal stockbrokers in the United Kingdom. Arrangements were made through the Post Office for subscriptions less than £100. Method of Payment—5% on application, 10% July 20, 1915, 15% August 3, 1915, 15% August 17, 1915, 15% August 31, 1915, 10% September 14, 1915, 10% September 28, 1915, 10% October 12, 1915, and 10% October 26, 1915, without accrued interest. Payment could be made in full on or after July 20, 1915, under discount at the rate of 4j4% per annum. A full six months' interest was paid Dec. 1, 1915. Holders of this 4 J /2% War Loan were given the right in respect of each £ 100 fully paid in cash to exercise one or other of the four following options of conversion, provided application for conversion was made not later than October 30, 1915- Option 1.—Conversion of 3}^% War Loan, 1925-1928/— To exchange stock (or bonds) of 3>4% War Loan 1925- 3°
1928, to an amount not exceeding £ 100 nominal, for fully paid stock (or bonds) of 4j4% War Loan 1925-1945, at the rate of £100 of the former, with a cash payment of 5% thereon for £100 of the latter. Persons exercising this option received the interest due Sept. 1, 1915, on the ZV^Jo War Loan and a full six months' interest due Dec. I, 1915, on the 4;M>% War Loan issued in lieu thereof. Option 2.—Conversion of 2%% Consols.—10 exchange stock , (or stock certificates) of 2j4% Consols to an amount not exceeding £75 nominal, for fully-paid stock (or bonds) of A T A°7° War Loan 1925-1945, at the rate of £75 of the former for £50 of the latter. Persons exercising this option received the interest due October 5, 1915, on the 23/2% consols and a full six months' interest due December 1, 1915, on the 4^2% War Loan issued in lieu thereof. Option 3.—Conversion of 2%% Annuities.—To exchange stock (or stock certificates) of 2%% Annuities, to an amount not exceeding £67 nominal, for fully paid stock (or bonds) of 4^2% War Loan 1925-1945, at the rate of £67 of the former for £50 of the latter. Persons exercising this option received the interest due October 5, 1915, on the 2%% Annuities and a full six months' interest due December 1, 1915, on the 43^% War Loan issued in lieu thereof. Option 4.—Conversion of 2^2% Annuities.—To exchange stock (or stock certificates) of 2*4% Annuities to an amount not exceeding £78 nominal, for fully-paid stock (or bonds) of 4^/2% War Loan 1925-1945, at the rate of £78 of the former for £50 of the latter. Persons exercising this option received the interest due October 5, 1915, on the 2y2% Annuities and a full six months' interest due December 1, 1915, on the 4/4% War Loan issued in lieu thereof. Fiscal Service—Principal and interest payable at Bank of England. Trust Investment Privilege—The Stock is an investment authorized by "The Trustee Act, 1893," ar *d Trustees may invest therein notwithstanding that the price may at the time of investment exceed the redemption value of 100. Commission—A commission of l /%% allowed to bankers, brokers and financial houses on allotments made in respect of cash applications bearing their stamp. No commission . allowed in respect of applications for conversion. 31
Page 1: »• Internal War Loans of Bellige
Page 4 and 5: COPYRIGHT, 1918, BY THE NATIONAL CI
Page 6 and 7: TABLE OF CONTENTS AUSTRALIA PAGE Fi
Page 9 and 10: Internal War Loans of Belligerent C
Page 11 and 12: Powers, have been willing to issue
Page 13 and 14: Liberty Loan of the United States w
Page 15 and 16: while the rates in the borrowing co
Page 17 and 18: granting that the same degree of pa
Page 19 and 20: individuals through loans at banks,
Page 21 and 22: obligations, or by helping in the d
Page 23 and 24: United States of America 15-30 Year
Page 25 and 26: United States of America 10-25 Year
Page 27 and 28: United States of America 4M% Gold B
Page 29 and 30: Dated—January 2, 1918. Due—Janu
Page 31: United Kingdom of Great Britain and
Page 35 and 36: March 2, 1917, under discount at th
Page 37 and 38: United Kingdom of Great Britain and
Page 39 and 40: chequer payments, that they have be
Page 41 and 42: Taxation—No income tax is deducte
Page 43 and 44: 9S-9 2 ) (3) 3^2% amortizable rente
Page 45 and 46: earned prepaid interest, (3) 3%% am
Page 47 and 48: were received only for 100 francs o
Page 49 and 50: Government of the French Republic 5
Page 51 and 52: Dated—March 14, 1915. Due—March
Page 53 and 54: Russian Government Second Internal
Page 55 and 56: Russian Government 5^2% Short Term
Page 57 and 58: and at other places subsequently de
Page 59 and 60: Taxation—Payment of principal and
Page 61 and 62: Kingdom of Italy 4>4% Mobilization
Page 63 and 64: in part at any time provided one or
Page 65 and 66: The following obligations of the It
Page 67 and 68: Subscriptions were accepted in the
Page 69 and 70: Kingdom of Italy 5% Consolidated Lo
Page 71 and 72: Dated—December i, 1915. Due—Dec
Page 73 and 74: Receiver General at Ottawa or at th
Page 75 and 76: Fiscal Service—Principal and inte
Page 77 and 78: î, 193Î, at 97/4 and accrued inte
Page 79 and 80: Commonwealth of Australia 4^2% War
Page 81 and 82: Commonwealth of Australia 4>4% War
Page 83 and 84:
Commonwealth of Australia 4>4% War
Page 85 and 86:
Commonwealth of Australia 4>4% and
Page 87 and 88:
Dominion of New Zealand 4^% War Loa
Page 89 and 90:
Government of India War Loan of 191
Page 91 and 92:
Government of India S x /2% War Bon
Page 93 and 94:
German Empire 5% Bonds and 5% Treas
Page 95 and 96:
part provided part payments amounte
Page 97 and 98:
price at the time of payment as fol
Page 99 and 100:
of. For example, a subscription for
Page 101 and 102:
pie, a subscription for ioo marks w
Page 103 and 104:
emain unchanged and will be used fo
Page 105 and 106:
German Empire 5% Bonds and 4^% Trea
Page 107 and 108:
interest bearing date, accrued inte
Page 109 and 110:
nally issued, for the payment of in
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Austrian Empire 5>4% Tax Free War L
Page 113 and 114:
Austrian Empire SV2% Tax Free War L
Page 115 and 116:
Austrian Empire Third 5^2% Tax Free
Page 117 and 118:
Austrian Empire SV-2,% Tax Free Amo
Page 119 and 120:
Kingdom of Hungary 6% Royal Hungari
Page 121 and 122:
Kingdom of Hungary SV2% and Second
Page 123 and 124:
Government of Switzerland 5% Federa
Page 125 and 126:
Government of Switzerland 4}^% Fede
Page 127 and 128:
Dated—July 15, 1916. Due—July 1
Page 129 and 130:
Government of Switzerland 4>4% Fede
Page 131 and 132:
Holland 5% Voluntary Loan (First Mo
Page 133 and 134:
confmission of one-fourth of one pe
Page 135 and 136:
cently assessed on account of Gover
Page 137 and 138:
amount of 10,000 florins or more fo
Page 139 and 140:
to and including April 30, 1917, wi
Page 141 and 142:
Miscellaneous Loans Interesting fea
Page 143 and 144:
May, 1917, was $1,728,990 and the n
Page 145 and 146:
A variation from the above methods
Page 147:
Country United States.. M a tt a a
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