Internal War Loans Belligerent Countries

Russian Government
5% Liberty Loan of 1917
(Seventh War Loan)
Dated—March 29, 1917.
Due—March 29, 1971.
Period of Subscription—Original period April 19, 1917 to
June 14, 1917, but later extended.
Right of Redemption—Redeemable at par by annual drawings,
estimated to redeem the loan in 49 years, beginning Dec.,
1922. Drawings may not be increased nor can the bonds be
converted or entirely redeemed before March 29, 1927.
Interest Dates—March 29 and September 29.
Issue Price—85.
Form and Denomination—Coupon or registered bonds in denominations
of 50, 100, 500, 1,000, 5,000, 10,000 and 25,000
rubles.
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, mutual credit
associations, administrations of cities and Zemstvos, notary
offices and other designated places.
Method of Payment—Subscriptions could be paid in full at
time of subscription or in installments by paying at least
10% as initial payment with a loan arranged for the balance
(75% OI P ar value) at the State_ Bank, its branches and
offices, Government savings offices and treasuries and secured
by the subscribed bonds. The loans were discountable
at sH% until July 14, 1918, without payment of taxes on
special current accounts or on loans with fixed maturities.
5% Short Term Treasury obligations were accepted in payment
under 5% discount.
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
at places designated by the Minister of Finance.
Taxation—Payment of interest is forever free from the tax
on revenue from money capital.
Collateral Privilege—These bonds are accepted at par on Government
pledges, and at prices fixed semi-annually by the
Minister of Finance and published by the Government, as
deposits pledged against (1) Government contracts and
deliveries, (2) excise payable in installments and (3) customs
duties.
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