Page 2 Advertisements Column 7

Auckland Star, Volume LIII, Issue 62, 15 March 1922, Page 2

il'uljllsLk'U irr .Arrangement.) 71 PER GENT BONDS. iVHY THEY ARK BEIX'.i OFFERED. A HELPFIT. AND PROFITABLE INVESTMENT. Wo have heard co often that the nterests of Now Zealand centre :n the welfare of its primary producers that t amounts almost to tedious repetition to again refer to the matter. But the present is a time when the truth of this 3ld saying is coming home to everybody with conic force, and a.isistinsr the dairy farmer, until the world's markets reopen to him on a satisfactory basis, is a matter that concerns ua all. The real trouble with the dairy farmer at present is that while his securities are ample and sound, h? lias little ready noney for the purchase of seed, manures, household reqii'rements. and other leceeeities. The Farmers' t'nion Trading Company ha* already given increased issUtanee amounting to £38.000, but •ealising that much more must bp done n this direction, it is offering th? balance >fit« 3 bond issue for subscription. The honds are for £&i. £.iO. ~nd £100, ITIfl KT*C VCII ti Vfl 111 t mTPP Oγ fPVftn VC*3 TS it. the purchaser's option. Being bearer bonds they can be readily transferred like banV notes. Interest of 7$ per :ent, free of income tax. is payable halfrearly without deduction for exchana , ?, nn due date at any branch in the Dominion of the Bank of New Zealand, 5r at the company's head office. Hobson Auckland. SECURITY PROTECTING BONDHOLDER.?. Bondholders rank in priority to all shareholders, both preference and ordinary, and a= the subscribed capital of the company is £">57,040, or more than louble the full issue of the company's bonds, the margin is so great that these bonds might well be described as gilt;d<red security. Xow -that interest rates are falling 3wing to the easier tone of the uionev market. more than likely bonds -ii 7A per cent, free of income tax. will, in the near future, be selling at a premium. Applications will b<. free of ?xehangc at any branch of the Bank of New Zealand, or at any of the company's W branches, or may be posted direct "to the Farmers' Union Trading fornpany. Limited, Hobson Street, Auckland. Prospectus giving: full particulars of these bonds obtainable at any of the above addresses. The chairman of tho Auckland Education Board iMt. K. (. Bank?) drew ittention to unauthorised collection* by school children at this morning's meeting. The matter was left in his hands to deal with, after members had commented strongiy in connection with the matter.