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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