Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 14 Aug 1958, p. 3

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Here are the ugust IZ, 1958 4. As a Victory Bond holder, will I be required to make any additional payment? 4 No. On the contrary, you will receive an immediate cash adjustment. You may, if you wish, hold your Victory Bonds until maturity and on the due date you will be paid their full face value. The Conversion Loan offer is open only to Victory Bond holders; and the "right" to convert gives Victory Bonds a special value until the offer expires. This is because there are many people trying to buy them in order to invest in the new bonds. 1. What is the Canada Conversion Loan of 1958? It is an offer to replace all unmatured 3% wartime Victory Bonds with new 25â€"year 4%%% Canada Conâ€" version Bonds. (Other bonds of shorter term, bearing fnterest rates of 414%, 334% and 3% are also available.) 5. Do I have to convert my Vicfbory Bonds? 2. Why is the Government making this conversion offer? In order to reorganize the national debt on a longer term basis and thus reduce the volume of Government refinancing over the next few years. There is widespread public and business agreement that this is a sensible idea and will help protect the soundness of the Canadian On the 25â€"year bonds the interest rate is 4%%4%â€"this is 50%, greater than the old Victory Bond rate. The inâ€" crease on the 14â€"year and the 7â€"year bonds is also substantial. FACTS 3. What interest will I receive on the new bonds? 3% wartime Victory Bonds about exchanging your don‘t delay â€"convert today EARN UP TO Aieaii@°% ON THE NEW CANADA CONVERSION BONDS Every holder of a Victory Bond, even though the amount held may be only $50, should take advantage of this offer. It is in his best interests as well as in the best interests of Canada. At any bank, investment dealer, trust or loan company, or through your stockbroker. ‘ 9. Does it matter that the Victory Bond I hold is very 8. What steps should I take if I am away from home on vacation and wish to take advantage of this offer? You should write immediately to your bank, investment dealer, stockbroker, trust or loan company, requesting literature and application forms. 10. How long is this offer open? Until September 15, 1958, but it is to your advantage to convert as quickly as possible and have the benefit of the immediate cash adjustment. 11. Where can I exchange my Victory Bonds? It will depend on the type of exchange. For example, a $500 8th Victory Bond exchanged for a $500 Conversion Bond paying 4%% will give you $8.75 in cash imâ€" mediately. This includes earned interest. 7. Does this offer apply to Canada Savings Bonds and other Government of Canada Bonds? No. This offer is limited to unmatured wartime Victory Loan Bonds only. 6. What will be the total of my cash adjustment? PAGE '!'fl-\ negmammemenpmeammmnamemens

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