Internal War Loans Belligerent Countries
Internal War Loans Belligerent Countries
Internal War Loans Belligerent Countries
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Taxation—No income tax is deducted from or charged upon<br />
interest earned by <strong>War</strong> Savings Certificates nor does interest<br />
have to be included in Income Tax Returns.<br />
Restrictions as to Ownership—Originally <strong>War</strong> Savings Certificates<br />
could be held only by persons with an income<br />
less than £300 a year. This limitation has been withdrawn<br />
and certificates may be purchased by any one but no person<br />
may hold more than £500 maturity value. Certificates<br />
cannot be held by societies or funds without the<br />
consent of the Postmaster General.<br />
Negotiability—Non-transferable except by permission of<br />
Postmaster General and upon payment of one shilling<br />
for each transfer.<br />
39