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Victory Bonds Ad Transcription MAA
Victory Bonds Ad Transcription
​OFFICIAL PROSPECTUS

The proceeds of this Loan will be used for War purposes only, and will be spent wholly in Canada.

The Minister of Finance of the Dominion of Canada offers for Public Subscription the

 

Victory Loan 1918

$300,000,000. 5 ½% Gold Bonds

Bearing interest from November 1st 1918, and offered in two maturities, the choice of which is optional with the subscriber as follows:

5 year Bonds due November 1st, 1923

15 year Bonds due November 1st, 1933

Principal payable without charge at the Office of the Minister of Finance and receiver General at Ottawa or at the Office of the Assistant Receiver General at Halifax, St. John, Charlottetown, Montreal, Toronto, Winnipeg, Regina, Calgary and Victoria.

Bonds may be registered as to principal or as to principal and interest, at any of the above-mentioned offices.

Interest payable, without charge, half-yearly, May 1st and November 1st, at any branch in Canada of any Chartered Bank.

Principal and Interest payable in Gold

Denominations: $50, $100, $500 and $1,000 

Issue Price: 100 and Accrued Interest

Income Return 5 1/2% per Annum

Free from taxes – including any income tax – imposed in pursuance of legislation enacted by the Parliament of Canada.

The proceeds of the Loan will be used for war purposes only, including the purchase of grain, foodstuffs, munitions and other supplies, and will be spent wholly in Canada.

Payment to be made as follows

10% on application;          20% January 6th, 1919;

20% December 6th, 1918;         20% February 6th, 1919;

31.16% March 6th, 1919

The last payment of 31.16% covers 30% balance of principal and 1.16% representing accrued interest ay 5 ½% from November 1st to due dates of the respective installments.

A full half year’s interest will be paid on May 1st,1919, making the cost of the bonds 100 and interest.

Subscriptions may be paid in full at the time of application at 100 without interest; or on any installment due date thereafter together with accrued interest at a rate of 5 ½% per annum.

This Loan is authorized under Act of Parliament of Canada, and both principal and interest are a charge upon the Consolidated Revenue Fund.

Tha Amount of this issue is $300,000,000, exclusive of the amount (if any) paid for by the surrender of bonds of previous issues. The Minister of Finance, however, reserves the right to allot the whole or any part of the amount subscribed in excess of $300,000,000. 

Conversion Privileges

Bonds of this issue will, in the event of future issues of like maturity, or longer, made by the Government, during the remaining period of the War, other than issues made abroad, be accepted at 100 and accrued interest, as the equivalent of cash for the purpose of subscription to such issues.

Payments

All cheques, drafts, etc., covering installments, are to be made payable to the Credit Minister of Finance. Failure to pay any installment when due will render previous payments liable to forfeiture, and the allotment to cancellation. Subscriptions must be accompanied by a deposit of 10% of the amount subscribed. Official Canvassers will forward subscriptions or any branch in Canada of any Chartered Bank will accept subscription and issue receipts.

Subscriptions may be paid in full at time of application at 100 without interest; or on any installment due date thereafter together with accrued interest to time of making payment in full. Under this provision, payment, payment of subscription may be as follows:

If paid in full on or before Nov. 16th, 1918, par without interest, r 100%.

If remaining installments paid on Dec.6th, 1918, balance of 90% and interest, ($90.48 per $100.)

If remaining installments paid on Jan.6th, 1919, balance of 70% and interest, ($70.80 per $100.)

If remaining installments paid on Feb.6th, 1919, balance of 50% and interest, ($51.04 per $100.)

If remaining installments paid on Mar.6th, 1919, balance of 30% and interest, ($31.16 per $100.)

Denomination and Registration

Bearer bonds with coupons, will be issued in denominations of $50, $100, $500, and $1000, and may be registered as to the principal. The first coupon attached to these bonds will be due on May 1st, 1919.

Fully registered bonds, the interest on which is paid direct to the owner by Government cheque, will be issues in denominations of $50, $100, $500, $1,000. $5,000, $10,000, $25,000, $50,000, $100,000, or any multiple of $100,000.

Payment of Interest

A full half year’s interest at the rate of 5 ½% per annum will be paid May 1st, 1919.

Form of Bond and Delivery

Subscribers must indicate on their application the form of bond and the denominations required, and the securities so indicated will be delivered by the bank upon payment of the subscription in full.

Bearer bonds of this issue will be available for delivery at the time of application to subscribers desirous of making payment in full. Bonds registered as to principal only or fully registered as to principal and interest, will be delivered to subscribers making payment in full, as soon as the required registration can be made.

Payment of all installments must be made at the bank originally named by the subscriber.

Non-negotiable receipts will be furnished to all subscribers who desire to pay by installments. These receipts will be exchangeable at subscriber’s bank for bonds on any installment date when subscription is paid in full. 

Form of Bonds Interchangeable

Subject to the payment of 25 cents for each new bond issued, holders of fully registered bonds without coupons, will have the right to convert into bonds with coupons and holders of bonds with coupons will have the right to convert into fully registered bonds without coupons, at any time, on application to the Minister of Finance or any Victory Loan Committee, or member thereof, or from any branch in Canada of any Chartered Bank. 

Subscription Lists will close on or before November 16th, 1918

 

Department of Finance,

Ottawa, October 28th, 1918.

 

Behind the Gun the Man. Behind the Man the Dollar. Make Your Dollars Fight the Hun.

 

 
 
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