Internal War Loans Belligerent Countries

Commonwealth of Australia
4^2% War Loan 1925
(Third War Loan)
Dated—June 15, 1916.
Due—December 15, 1925.
Period of Subscription—June 1, 1916 to August 1, 1916.
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 above £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, State Savings Bank, by any member of a recognized
stock exchange or at any post office where money
order business was conducted.
Method of Payment—10% on application, 15% August 15,
1916, 20% September 15, 1916, 25% October 16, 1916, and
30% November 15, 1916, without accrued interest. Any
or all of the installments could be prepaid. A full six
months' interest was paid December 15, 1916.
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—Members of recognized stock exchanges were
allowed a commission of one-fourth of one per cent on allotments
made in respect of applications received from them
by the Commonwealth Bank and bearing their stamp.
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