Internal War Loans Belligerent Countries

United Kingdom of Great Britain and Ireland
5% and 4% National War Bonds
Dated—From date of purchase.
Due—5% Bonds October i, 1922, at 102, October i, 1924,
at 103 and October 1, 1927, at 105.
4% Bonds October 1, 1927, at 100.
Bonds issued upon subscriptions subsequent to March
31, 1918, and until further notice, mature six months later
than the above.
Period of Subscription—Continuously since October 2, 1917.
Interest Dates—April 1 and October 1.
Issue Prices—100 for both 5% and 4% Bonds.
Form and Denomination—Coupon bonds in denominations
of £50, £100, £200, £500, £1,000 and £5,000 and registered
bonds. In addition 5% Bonds in denominations of
£5 and £20 issued by Post Offices. Bonds registerable
without charge at the Bank of England or Bank of Ireland
as (1) transferable in the Bank Transfer Books, (2) Transferable
by Deed. Registered bonds transferable in any
sums which are multiples of a penny and exchangeable in
whole or in part (in multiples of £50) for coupon bonds.
Convertibility—5% Bonds convertible within fourteen days
after any interest date (viz. April 1 and October 1) and
as on such interest date, into 5% War Loan 1929-1947 at
the rate of £100 5% War Loan 1929-1947 for each £95
nominal value (excluding any redemption premium) of 5%
National War Bonds converted. 4% Bonds convertible
at the same time and in like manner into 4% War Loan
1929-1942 at the rate of £100 4% War Loan 1929-1942 for
each £100 nominal value of 4% National War Bonds converted.
The first interest payment on 5% War Loan 1929-
1947 or on 4% War Loan 1929-1942 issued in lieu of National
War Bonds converted, will be for the period between
the date of conversion and the next succeeding interest
date of the loan into which the bonds have been converted.
In the event of 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, the bonds of this
issue will be accepted at par and accrued interest as the
equivalent of cash for the purpose of subscriptions to such
issues.
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