To the careful investor 3% Defence Bonds invite your closest attention!

? 172 To the careful investor BONDS invite your closest investigation! 3% DEFENCE The careful investor insists that any security into which he is asked to put money shall pass the most searching examination. Defence Bonds stand up to any enquiry; the more critical it is, the more their merits stand out- but you can hold only £1,000 3% per annum from date of purchase What interest do Defence ? paid on May 1st and November 1st. Bonds pay Interest is liable to Income Tax, but tax not deducted at source.