Bonds of the Government of the United States of America

Cover Bonds of the Government of the United States of America
Bonds of the Government of the United States of America
W B Hibbs
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Specific reference to this circular is made on the face of each First Lib- erty Loan, Converted 4% bond of 19321947.
The exemption of this is- sue, both as to principal and interest, is identical with that of the Third Liberty Loan, i%% bonds of 1928.
This exemption is fully set forth in Treasury De- partment Circular No. 114, dated May 9, 1918, which annoimced the conditions governing the conversion of the 3%% Gold Bonds of 1932-1947 of the First Liberty Loan, the converted 4% Gold Bonds of 19
...32-1947 of the First Liberty Loan, and the 4% Con- vertible Gold Bonds of 1927-1942 of the Second Liberty Loan.
Specific reference to Sub- division X of that cir- cular — in which a full description is given of this issue — is made on the face of each Firsf Liberty Loan, Converted 4M% Gold Bond of 1932-1947.
REMARKS The Converted, 4%, 1932-1947, bonds of the First Liberty Loan, authorized by the Acts of Congress approved April 24, 1917, and September 24, 1917, consist of the First Liberty Loan, 3%% bonds of 1932-1947 converted into the rate of interest of the Second Liberty Loan.


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