WHITE ROCK SUN

CONFIDENCE e STABILITY e PROGRESS

TO

ALL HOLDERS OF
VICTORY BONDS

HONOURABLE DONALD M. FLEMING,
MINISTER OF FINANCE

of the Government of Canada, announces an offer
to replace all unmatured 3% Victory Bonds with
new 412% 25-year bonds, or with other shorter
term bonds at other interest rates in accordance
with the terms of the offering.

This Canada Conversion Loan of 1958
represents the largest financial operation ever
carried out in Canada in time of peace or war,
It is designed to re-organize over 40% of the
National Debt on a basis which will provide a

higher income for those investors taking advantage
of it, and at the same time reduce for the Govern-
ment the volume of financing to be done in 1959
and subsequent years through 1966.

All holders of unmatured 3% Victory
Bonds (Canadians now own a total out-
standing amount of $6,416 million) are now
offered the Opportunity to convert into the
new non-callable

CANADA CONVERSION LOAN
OF 1958

1y, 25 YEAR
2 BONDS

mane

a1 ;

In addition |
you receive an immediate

cash adjustment |

|

|

|

|

|

| In no case is the bondholder required
to make any Payment to convert into
| the new longer term bonds on which
he will receive higher interest than
| on the old bonds.

YOU are urged to consult imme-
diately with your investment dealer,
bank, trust or loan company or other
financial adviser about the terms of
the conversion offer,

ALSO AVAILABLE:
4;” 14 YEAR BONDS
3%” 7 YEAR BONDS
3” 3: YEAR BONDS

Applications may be filed and cash adjust-
ments received now. Be sure you share to
the full in this unprecedented opportunity.

OFFICIAL CAMPAIGN BEGINS AUGUST 5TH
FOR A LIMITED PERIOD

THURSDAY, JULY 24, 1958 15