Internal War Loans Belligerent Countries

Dated—March 14, 1915.
Due—March 14, 1965.
Russian Government
Internal 5% Loan of 1915
(Second War Loan)
Period of Subscription—March 5, 1915 to March 15, 1915.
Right of Redemption—Redeemable at par by annual drawings,
estimated to redeem the loan in 49 years, beginning
November, 1916, for payment the following March 14. Of
the nominal amount of the loan 0.503965% was redeemable
at time of first drawing, to be increased annually by
5% of the nominal amount of the bonds drawn. Drawings
may not be increased nor can the bonds be converted
or entirely redeemed before March 14, 1925.
Interest Dates—March 14 and September 14.
Issue Price—94.
Form and Denomination—Coupon or registered bonds in denominations
of 50, 100, 200, 500, 1,000, 5,000 and 10,000
rubles.
Future Loan Privilege—Subscribers were given a preferential
right to allotments in loans issued before January 14,
1917, in proportion to their subscriptions to this loan,
after holders of the Internal 5% Loan of 1914.
Method of Subscription—Subscriptions were received by the
State Bank, its branches and offices, treasuries and most
other banks and branches.
Method of Payment—5% of the issue price in either cash or
securities at prices given at the places of subscription,
was deposited as a pledge at the time of subscription. 40%
payable upon allotment not later than March 19, 1915,
30% April 14, 1915, and 24% May 14, 1915. Final payment
included interest from March 14, 1915. Payments
could be made in full on or after March 19, 1915. Subscriptions
for less than 1,000 rubles and at the treasuries for
less than 500 rubles were payable in full March 19, 1915.
Fiscal Service—Principal and interest payable at the State
Bank, its branches and offices, at offices of the treasury
where no branch or office of the State Bank is located, and
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