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wednesday july uth ims thi ohmmmtowh stabiuty fkosrem to all holders of victory bonds honourable donald m fleming minister of finance of the government of canada announces an offer to replace all unmatured 3 victory bonds with new 4vi 25year bonds or with other shorter term bonds at other interest rates in accordance with the terms of the offering this canada conversion loan of 1 958 represents the largest financial operation ever carried out in canada in time of peace or war it is designed to reorganize over 40 of the national debt on a basis which will provide a higher income for those investors taking advantage of it and at the same time reduce for the government the volume of financing to be done in 1959 and subsequent years through 1966 all holders of unmatured 3 victory bonds canadians now own a total outstanding amount of 6416 million are now offered the opportu nity to convert into the new noncalrable canada conversion loan of 1958 1 25 year 2 bonds r i in addition you receive an immediate cash adjustment in no case is the bondholder required to make any payment to convert into the new longer term bonds on which he will receive higher interest than on the old bonds you are urged to consult immediately with your investment dealer bank trust or loan company or other financial adviser about the terms of the conversion offer l j also available 4 14 year bonds 3f 7 year bonds 3 3 year bonds applications may be tiled and cash adjustments received now be sure you share to the ruff in this unprecedented opportunity official campaign begins august 5th for a limited period