Internal War Loans Belligerent Countries

Commonwealth of Australia
4>4% War Loan 1925
(First War Loan)
Dated—June 15, 1915.
Due—December 15, 1925.
Period of Subscription—July 24, 1915 to August 31, 1915.
Interest Dates—June 15 and December 15.
Issue Price—100.
Form and Denomination—Coupon bonds in denominations of
£10, £100, £500 and £1,000 and Inscribed Stock in
amounts of £100 and multiples of £10 over £100. Inscribed
Stock and coupon bonds interchangeable at anytime
upon application in writing to the Commonwealth
Treasury, Melbourne, or any branch of the Commonwealth
Bank of Australia.
Method of Subscription—Subscriptions were received at the
Commonwealth Bank of Australia and branches (including
Rabaul and New Britain), at the head offices and branches
of all banks, by any recognized stock broker, or at any post
office where money order business was conducted.
Method of Payment—10% on application, 15% September 15,
1915, 20% October 15, 1915, 25% November 15, 1915, and
30% November 30, 1915, without accrued interest. Any or
all of the installments could be prepaid. A full six months'
interest was paid December 15, 1915.
Fiscal Service—Principal payable at the offices of the Commonwealth
Bank of Australia in Sydney, Melbourne, Brisbane,
Adelaide, Perth or Hobart. Interest payable free of
exchange at any Branch of the Commonwealth Bank of
Australia throughout the Commonwealth.
Taxation—Bonds and transfers of Inscribed Stock free of
Commonwealth and State Stamp Duty and interest free of
Commonwealth and State Income Tax.
Trust Investment Privilege—The issue is an investment authorized
by the Trustees Acts of the several States and
trustees may invest therein notwithstanding that the price
may at the time of investment be above or below the redemption
value of par.
Legal Tender Privilege—Bonds and Inscribed Stock accepted
at par in payment of probate and succession duty due the
Commonwealth.
Commission—Recognized stock brokers were allowed a commission
of one-fourth of one per cent, on allotments made
in respect of applications bearing their stamp.
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