A good return for your money and complete security—that's what Defence Bonds offer you. The maximum holding is £2,500 (all issues). The Bonds are re-payable at par, plus a premium of £1 per cent., ten years after date of purchase. Defence Bonds can be cashed at par on six months' notice. The interest on 21/2% Defence Bonds EVERY £5 INVESTED is paid half-yearly. Income Tax is WILL HELP TOWARDS THE payable, but is not deducted at NATIONAL TARGET OF source. £520 MILLIONS. Issued by the National Savings Committee Bonds Defence 21/2% One of the finest investments in the world.