LAND & WATER 
July 19, 1917 
THE 
INVESTMENT. 
5% EXCHEQUER 
BONDS. 
TENS OF THOUSANDS OF PEOPLE In the 
British Isles desire an investment where their money is 
absolutely secure and which will ultimately be paid back to 
them pound for pound in cash, while they get a dividend of 
5 % per annum. Such an opportunity is presented to them in 
5% EXCHEQUER BONDS. 
The Government guarantees to repay, pound for pound, in 1919 or 1922, as the 
investor prefers, any amount invested in 5% Exchequer Bonds, and further will pay 
interest every six months at the rate of 5% per annum on the amount invested. 
Could any investment be more secure, or worthy of respect ? Should you, at any 
time, desire to realize the Bonds, a banker, or any member of the Stock Exchange, 
will arrange the matter for you, or if you buy it through the Post Office, the Post 
Office will do it for you. 
TO HOLDERS of FOREIGN 
SECURITIES. 
|-|AVE you examined your List of 
Foreign Securities to see whether you 
can help your Country by selling some 
of them and thus be able to invest in 
5^ Exchequer Bonds ? 
DEATH DUTIES. 
J-IAVE you invested sufficient money in 
5^ Exchequer Bonds to enable your 
Executors to pay all the Death Duties in 
this security? if you hold 5% Exchequer 
Bonds there will be no need for them to sell 
out stocks at a loss because 5^ Exchequer 
Bonds are accepted as the equivalent for 
cash in payment of Death Duties. 
EXCHEQUER BONDS ARE ALSO ACCEPTED AS THE EQUIVALENT OF 
CASH IN PAYMENT OF EXCESS PROFITS TAX OR MUNITIONS LEVY. 
If you have £5 to £50 to 
invest. 
you can gtt a Bond for £5 or for £20 
or for £ 50 from any Money Order Post 
Office, or from a Banker, or your Local 
War Savings Committee will see that you 
get what you want. 
If you have £100 or over to 
invest. 
^ET a prospectus from any Stockbroker 
or Banker or send a cheque direct to the 
Bank of England. You can get either 
Bearer Bonds or Registered Bonds as you 
prefer. Interest on Registered Bonds is 
paid without deduction for Income Tax. 
THEREFORE BUY 
5% EXCHEQUER BONDS 
The Safest Investment in the World. 
