HC Deb 12 November 1959 vol 613 cc588-9

For this you should use the Blue Form marked B.

Attach the slip (printed in red) to that Form at the place marked for it and sign your name in the space marked X on the Form. The whole of your holding on the 30th June, 1932, or, if you have disposed of any part of it meanwhile, the balance of it at the date when you sign the Form, will then be continued.

If the holding stands in the names of two persons, both should sign. If there are more than two, it will be enough if the Form is signed by a majority of the Holders.

If you have lost or mislaid the slip, you should, in addition to signing the Form at X, fill up the space marked Z as directed on the Form.

IMPORTANT—CASH BONUS

The Government particularly ask that Holders who wish to have their holdings continued should notify their decision as quickly as possible, and they have undertaken that if you send the Blue Form to the Bank of England not later than the 3Ist July. 1932, you will receive a Cash Bonus at the rate of £1 (One Pound) for every £100 nominal of the amount of your holding. If your holding is less than £100, the Bonus will be the appropriate fraction of £1.

This Bonus will be paid to you within two weeks of the receipt of the Blue Form properly filled up. In the case of the ordinary investor it will not be chargeable to Income Tax.†

Requests for Continuance may still be made after 31st July, 1932, but will not then carry the right to a bonus, unless you are abroad when this letter is sent to you, in which case you may be allowed an extension of time for claiming the bonus (see the footnote to the Announcement marked A).

TRUSTEES

Trustees and other persons acting in a fiduciary character are expressly authorised, under Section 13 (1) of the Finance (No. 2) Act, 1931, to apply for continuance in the Loan.

Under Section 15 (2) of the same Act, it is provided that as between persons having any beneficial interest in a holding, any cash bonus payable shall belong to the persons entitled to the income of the holding on the day when the bonus is payable.

† This does not apply to a person who is carrying on a trade which consists wholly or partly in dealing in securities.

POSTING

If the form is posted in the United Kingdom in the special envelope provided, no stamp is needed.

No other document need be sent with a Request for Continuance.

FUTURE DIVIDENDS

On the 1st December next you will receive your usual half-yearly dividend at the old rate of £5 per cent. per annum. After that all dividends will be at the new rate of £3 10s. per cent. per annum, payment being made as before on the 1st June and 1st December.