Show VICTORY NOTES NOT TO LOWER IN PAR VALUE new issue has fine special appeal to all investors says expert ca capitalists as well as the emall in vestor tester may purchase pc hase the new victory loan notes with the fullest ats assurance nt aurance urance that they will hold holdi n tf the market C clone OHL to the issue kice decla declared 0 it weeks victory loan ioan campaign gift manager for the twelfth district today in calling attention to the strong appeal tile the victory notes mako to dinv inv investors es t strictly front from an in investment vesti nent stand point ile he continued it has of course been a source of disappointment disappointment to subscribers for previous albe liberty arty loan issues that these csoll 18 have gone even temporarily to it a dle count of five or six sit points in the market while tills this does not represent a real lops to those who have bave held their be bonds ads for investment it Is reassuring to sub bors for victory notes note that no sue BUC discount to Is possible sible in the case of th pres present elit issue discount Dle count impossible A decline of the victory loan ioan I oan note of only one point to 99 for example would put thern on an interest return of C 03 kven even during the he war with the prospect of continued large issues no liberty bonds have ever declined I 1 n ed I 1 to 0 any such basis the fourth loan loa bonds today as aa a of tact fact a are te selling to yield beld loss ipes than the 4 paid by the victory victori notes at par A similar situation exists in the case of the series of aco 3 fully tax exempt notes which are suitable for the larger investors tho the first drat issue of the fully tax exempt liberty bonds bearing 3 iti interest terest in spite of oil all the liquidation during the war are selling today to only should tile the vl tory loan 3 notes decline to 9 this would be equivalent to a return from Us its fully tax exempt note which would be to 91 tori fo the liberty loan avis which now are in active demand in the market at 99 I 1 here are the ter terms and EP ei 10 per cent with appl 10 per cent L i 20 pei cent aug ia 2 20 per cent sept 9 20 per cent oct 7 20 per cent J nov NOT 11 I 1 VI VICTORY LOAN |