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B—6

The first payment will in every case be made to the original subscriber and will be paid by means of warrants forwarded by post from the Reserve Bank of New Zealand. Subsequent payments on Ordinary Stock and Death. Duty Stock will be made by means of interest warrants forwarded to the stockholder as at the due date of payment. The Reserve Bank of New Zealand, however, will accept directions from stockholders for payment of interest to any agent in the Dominion, and existing instructions for the payment of interest will apply to stock issued in terms of this Prospectus. Interest 011 Stock Certificates, other than the first payment which will be paid in accordance with the provisions outlined in the second paragraph of this section, will be paid by means of coupons annexed to the Certificates. 5. Repayment.—The Minister of Finance reserves the right to repay the 3 per cent* 1962-64 Loan at par at any time during the period 15th July, 1962, to the 15th July, 1964, on giving at least three months' notice in the New Zealand Gazette of his intention to repay. If not previously redeemed, the Loan will be repaid at par at the Reserve Bank of New Zealand on the 15th July, 1964. 6. Exchange on Remittances. —Cheques in payment of amounts subscribed to this Loan will be accepted free of inland Exchange. 7. Commission. —Commission at the rate of ss. per £lOO of Stock issued will be allowed to Bankers and registered Sharebrokers. Copies of this Prospectus and forms of application may be obtained at the Reserve Bank of New Zealand, Wellington ; at any branch of any bank in New Zealand, including trustee savings-banks ; at the District Treasury Offices at Auckland, Christchurch, or Dunedin ; at any postal money-order office in New Zealand ; or from a member of any Stock Exchange in the Dominion. The list of applications will be opened forthwith and may be closed at any time determined by the Minister of Finance. Reserve Bank of New Zealand, Wellington, 23rd January, 1947.

By Authority: E. Y. Paul, Government Printer, Wellington—l 947. Price Is. 3d.~\

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