INTEREST RATES.
The return to the investor on his outlay, baeed upon the latest dividends, works out as follows on the latest sales. When Government stocks are included, the calculation provides for redemption at the earlier date of maturity. When payment is made in sterling, exchange is added. In the case of local body issues, allowance is also made foi* 20 per cent interest reduction: —
PER CENT PER ANNUM. £ s. d. Bank of N.JS. <D Mort.) o 13 3 Felt and Textiles ...» 6 '7 6 New Zealand Breweries 4 6 6 fl. J. Coles 4 9 & Farmers' Trading: 7 IT 9 Rural Bonds, 15/9/47, 4 p.c. 4 6 0 Auckland Harbour Board, 9/7/47, 4i per cent ... 4 fl 2 Bartholomew Timber 7 2 M) Wool worths (Sydney) ..... 3 16 0 Stock, 15/2/43-4'6, 4 per cent 4 10 4
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Bibliographic details
Auckland Star, Volume LXX, Issue 78, 3 April 1939, Page 6
Word Count
138INTEREST RATES. Auckland Star, Volume LXX, Issue 78, 3 April 1939, Page 6
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