Internal War Loans Belligerent Countries

Dated—December i, 1915.
Due—December 1, 1925.
Dominion of Canada
5% War Loan
(First War Loan)
Period of Subscription—Nov. 22, 1915 to Nov. 30, 1915.
Interest Dates—June 1 and December 1.
Issue Price—97^.
Form and Denomination—Coupon bonds to bearer and coupon
bonds registered as to principal in denominations of
$100, $500 and $1,000. Bonds registered as to principal
and interest in denominations of $1,000, $5,000 or any authorized
multiple of $5,000. Bonds registered as to principal
and interest and coupon bonds to bearer or registered
as to principal are interchangeable at any time without
charge upon application to the Minister of Finance.
Convertibility—Convertible at 97J4 and accrued interest into
future internal loans issued for the purpose of carrying on
the war.
Method of Subscription—Subscriptions were received by and
forwarded through the medium of any chartered bank to
the Minister of Finance.
Method of Payment—10% on application, 7>4% January 3,
1916, 20% February 1, 1916, 20% March 1, 1916, 20% April
1, 1916, and 20% May 1, 1916, without accrued interest.
Payment could be made in full on or after January 3, 1916,
under discount at the rate of 4% per annum. A full six
months' interest was paid June 1, 1916.
Fiscal Service—Principal payable at the office of the Minister
of Finance and Receiver General at Ottawa or at the
office of the_As'sistant Receiver General at Halifax, St. John,
Charlottetown, Montreal, Toronto, Winnipeg, Regina, Calgary
or Victoria. Interest payable free of exchange at any
branch of any chartered bank in Canada.
Taxation—Exempt from taxes including any income tax imposed
in pursuance of legislation enacted by the Parliament
of Canada.
Commission—Recognized bond and' stock brokers were allowed
a commission of one-fourth of one per cent on allotments
made in respect of applications bearing their stamp.
69