Document
APPENDIX 'CC'
58
SQUADRON ROUTINE ORDERS. NO. 70/44 21 SQUADRON, S.A.A.F.
BY
LT. COL. JANDRELL, D.F.C.
24/7/44.
Para. 261. UNION LOAN CERTIFICATES.
The attention of all ranks is drawn to the facilities which exist for
purchasing of Union Loan Certificates.
It is a cause for great concern when it is revealed that U.D.F. per-
sonnel are spending their money on both worthless and useless presents for
their people in the Union. This money spent in the purchase of Union Loan
Certificates would not only ensure a nest egg for the returned soldier,
but would help the Union Government in its great war effort.
PLAN FOR INVESTING SAVINGS IN UNION LOAN CERTIFICATES. ANNEXURE "A".
Arrangements have been made whereby members of the U.D.F., wherever
serving, may allocate either:
(a) A lump sum; or
(b) Daily amounts.
for investment in Union Loan Certificates.
(1) Briefly the scheme provides facilities whereby a member can sign a
stop order in duplicate vide Annexure "B".
(2) The stop order in duplicate is forwarded to the Chief Paymaster
who retains the original and forwards the duplicate to the Postmaster-
General.
(3) The Postmaster-General issues Union Loan Certificates for each
complete 15/0 received and places them on a special file for the credit
of the member concerned.
(4) These certificates are redeemable for cash at any time on written
application being made to the Accountant, Union Loan Certificate Section,
G.P.O., Pretoria, on the prescribed form obtainable at any Post Office.
(5) Each certificate increases in value after the 11th. month of the
first year vide the table attached, Annexure "C".
The advantages of making these savings apart from the patriotic aspect
of the matter are:-
(a) A fund is created for the payment of income tax.
(b) A fund is created for eventual use when civil life is resumed.
(c) Every penny saved lessens the danger of inflation, a very real and
potent menace, which, if it becomes accentuated, will have harmful effects
on the economic life of every citizen.
(d) A fund is created for emergencies.
(e) Investments carry a good rate of interest FREE OF INCOME TAX.
(f) Savings are automatic with a minimum of inconvenience.
(i) A Stop Order may be amended to enable Union Loan Certificates to be
issued in the name of any person nominated by the soldier.
(ii) Certificates of the 15/0 denomination are pasted in a book which
provides for ten certificates. It is desirable that the book be retained
by the G.P.O. until it has been completed, but it can thereafter be handed
to the person in whose name the certificates have been issued, or to the
soldier's authorised agent if they have been issued in the soldier's name.
(iii). The Chief Accountant, G.P.O., has given the assurance that the
certificates are perfectly safe so long as they are in the custody of that
department, and that THERE IS NO DANGER OF LOSS to the investor through
certificates going astray as sometimes happens when they are held by
individuals.
Continued/