The New York Times/1918/11/11/Liberty Bond Transfers
LIBERTY BOND TRANSFERS.
Treasury Department Also Gives Facts About Interest Dates.
Special to The New York Times.
WASHINGTON, Nov. 10.—Holders of Liberty Bonds are notified in a statement made today from the Treasury Department that interest on registered bonds is playable semi-annually on specified dates by means of checks drawn by the Secretary of the Treasury on the Treasurer of the United States, and also giving the interest payment dates.
The fact that bonds of the First Liberty Loan or bonds of the Second Liberty Loan are converted into bonds bearing a higher rate of interest does not affect the dates on which interest is payable. Such dates remain constant for the loan and are not affected by the act of conversion.
The following are the dates on which interest on the bonds of the several Liberty loans is payable:
On June 15 and Dec. 15, First Liberty Loan 3 1/2 per cent. bonds of 1932-1947; First Liberty Loan converted 4 per cent. bonds of 1933-1947; First Liberty Loan converted 4 1/4 per cent. bonds of 1932-1947; First Liberty Loan second converted 4 1/4 per cent. bonds of 1932-1947.
On May 15 and Nov. 15—Second Liberty Loan 4 per cent. bonds of 1927-1942; Second Liberty Loan converted 4 1/4 per cent. bonds of 1927-1942.
On March 15 and Sept. 15—Third Liberty Loan 4 1/4 per cent. bonds of 1928.
On April 15 and Oct. 15—Fourth Liberty Loan 4 1/4 per cent. bonds of 1933-1938.
In order to prepare for the payment of interest, the transfer books of registered bonds close one full month prior to the interest-payment date and reopen on the day following the respective interest payment dates. During any period when the transfer books for any particular loan are closed no transfers of registered bonds of such loan or interchanges of registered and coupon bonds of such loan will be permitted, but if requests for transfer of any such registered bonds or interchanges of any such registered and coupon bonds are received during any such closed period the requests will receive attention upon the reopening of the books.
As indicated above, the semi-annual interest will be paid to the person in whose name bonds are registered, as shown by the books of the Treasury Department on the date the books close, regardless of any disposition that may be made by the registered holder during the closed period. If coupon bonds are presented for exchange for registered bonds during such closed period, the coupon next due should be detached and collected in the usual manner. If registered bonds are presented for exchange for coupon bonds during such closed periods, interest on such registered bonds will be paid in the usual manner, and the coupon bonds delivered upon such exchange after the reopening of the books will have the coupon maturing on the interest day for which the books were closed and prior coupons detached.
The periods during which the transfer books of registered bonds of the respective Liberty Loans are closed follow:
First Liberty Loan, (including bonds issued upon conversion,) from close of business May 15 to opening of business June 16; from close of business Nov. 15 to opening of business Dec. 16.
Second Liberty Loan, (including bonds issues upon conversaion,) from close of business April 15 to opening of business May 16; from close of business Oct. 15 to opening of business Nov. 16.
Third Liberty Loan, from close of business Feb. 15 to opening of business March 16; from close of business Aug. 15 to opening of business Sept. 16.
Fourth Liberty Loan, from close of business March 15 to opening of business April 16; from close of business Sept. 15 to opening of business Oct. 1.
In case any date for the closing of the transfer books falls on a Sunday or legal holiday the books will be closed on the day preceding such date, and in case any date for the opening of the transfer books falls on a Sunday or legal holiday the books will be opened on the day following such date.