Page 7 Advertisements Column 3

Auckland Star, Volume LII, Issue 172, 21 July 1921, Page 7

EIGHT PER CENT WITH SAFETY GAS COMPANY DEBENTURES. Remarkable public interest has been evinced by the 8 per cent Mortgage Debenture issue of the Wellington Gas Company. Ltd. The investment is a very sound one, for the concrete assets of "the Company are double the value of the loan now offered for public subscription. The debentures are in convenient sums ( £50 and multiples thereof), the currency ten years, and interest at the rate of 8 per cent per annum will be payable, half-yeary free of exchange. The purpose of the issue of the present S per cent Mortgage Debenture Stock is to provide money for extension of plant at the Gas Works and Manufactories at -Miramar. the construction of additional workshops, the extensions of mains and services generally, and particularly to provide gas for adjoining suburbs that do not yet possess this convenience. The growth of the Wellington Gas Company has been steady and consistent. In I860" the Company was incorporated with a share capital of £10,000. At the present time the authorised capital stands'-at £500,000. In 1880 the sale of gas was 37,000,000 cubic feet; last Tear it reached 406,000,000 cubic feet. The consumption of gas has increased sevenfold since '-he introduction of electricity into Wellington. Here is a rare opportunity to get S per cent ' with safety. Act to-day. Apply for prospectus or debentures from the Bank of Xew Zealand, members of the Stock Exchange, or the Wellington Gas Co., Ltd., Wellington.—(Ad.) j