Internal War Loans Belligerent Countries

Russian Government
S 1 /* % Short Term War Loan Issue of 1916
Dated—February 14, 1916.
Due—February 14, 1926.
(Fifth War Loan)
Period of Subscription—March 21, 1916 to May 26, 1916.
Interest Dates—February 14 and August 14.
Issue Price—95.
Form and Denomination—Coupon or registered bonds in two
series of 1,000,000,000 rubles each in denominations of 50,
100, 500, 1,000, 5,000, 10,000 and 25,000 rubles.
Convertibility—Convertible at the issue price at the option
of the holder into subsequent Government loans of the
same or longer maturity issued internally during 1916.
Method of Subscription—Subscriptions were received by the
State Bank, its branches and offices, Government savings
offices and treasuries, including those established for the
military, most other banks and branches and mutual credit
associations.
Method of Payment—Subscriptions for 500 rubles and less,
and at Government savings offices, including both savings
offices and treasuries for the military, for 300 rubles and
less, were payable in full at the time of subscription. Other
subscriptions could be paid in full at time of subscription
or 50% at time of subscription and balance not later than
May 26, 1916. Under the latter method an additional
5% in either cash, or securities at prices given at the places
of subscription, accompanied the initial payment. Bonds of
the èYi^o Short Term War Loan of 1915 were accepted in
payment at their issue price (95) plus accrued interest.
Bonds of the 5% Loans of 1914 and 1915 and of the
5%% Loan of 1915 were accepted by the State Bank,
its branches and offices, and treasuries as collateral for
loans, at 5/4% discount until January 14, 1917, if the proceeds
were used to purchase bonds of the present loan.
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,
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