Page 9 Advertisements Column 1

Auckland Star, Volume LVI, Issue 127, 1 June 1925, Page 9

LOST VOICE RESTORED. "About a year ego mother lost Her voice." a young ledy writes. "Nothing dirt her any good until one. day she took some Pulmoites. Ease came gradually. ' and now her voice Is fully restored again." Pulmonas are healing: pastilles and they prevent Infection. Sucked slowly they give prompt relief to sore throats and troubled lungs. At Chemists, 1/6 and 2/6.—(Ad.)

60/ A Gilt-Edged £2°/ /o Investment! Jo ELECTRIC-POWER BOARD Loan of £38,500 in Debentures of £100 bearing Interest at 6 per cent Repayable Ist December, 1961. THE WAIRERE ELECTRIC POWER BOARD invites applications for the purchase at par of £100 Debentures to the amount of • £38,500. - The money is required for the construction and erection of a Generating Station. Head Works and Pipe Line, Transmission Line and Transformer Stations, and for distributing power and light for commercial and domestic purposes throughout the Board's district. Thisis a work of great public importance. It will immensely improve the domestic conditions of residents, improve the facilities for working farms, and can confidently be expected to improve the selling price of the land. The situation of the Hydro-Electric Power Works is on the Walrere Falls, Mokau River, within a few miles of Pio Pio. Owing to the unusually adaptable natural features of the power-generating development et these Falls, the cost of installation -will be exceptionally small, and will thereby ensure a particularly low annual cost per horse-power generated. The adoption of automatic control of the plant ■will enable this cost to be kept from about one-quarter to half the cost of generating power in the large Government undertakings. SECURITY. The Debentures arc secured on a special rate of 1-15/I6d. in the pound (£) on the unimproved value of the rateable property in the Wairere Electric Power District, which unimproved value is approximately £380,000. This annual rate will produce approximately £3,067/14/2 per annum. The rating area included in the Power Board District comprise* approximately 147 square miles. Government value:—Unimproved, £380.000; Improvements, £290,000; Capital Value, £670,000. The Board is carrying out a policy of erecting its lines only in those localities in which the guaranteed revenue is sufficient to render the work self-supporting, and investors, therefore have as security the security rate and the self-supporting revenue. Sufficient guarantees from consumers have already been obtained to bring in a sufficient annual revenue to pay running expenses in addition to the interest and sinking fund on the loan. TRUST FUNDS. The Board's debentures are an authorised investment for trust funda. SINKING FUND. A Sinking I"und of 1 % per annum will be provided. PAYMENT. Payment may be made as follows:— ,-y-,"■ (1) In full on application. i."^* , ' (2) £50 per centum on application and the balance by monthly instalments of 10% on each of the five month* succeeding the date of application. (3) Or the balance may be paid in one, two, or three months at the option of the applicant. Payment may be made to the Bank of New Zealand at any of its Branches in New Zealand, free of exchange to the applicant, -— GENERAL. TKe Board reserves thr right to decline any application or to accept any application in part. Where Payment „ made in full on application, interest will U payable on th, amount of the debenture from the date of payment, and in other ca.e, inW~,t -. , J?" be f P»y»W«on the amount of application money from the date of payment Prompt SSL o p n v h :J::: t ° o f f T^Xnt«: balance, and thereafter intereet b - Applications should be addressed to the Manager. Bank of New Zealand, at Annli7at.ni* ' "'° Se " et " y ° f the Board Bt P, ° Plo, K,ng njjpilldUUlE Certificate, will be issued by the Bank of New Zealand when the a PP lic. tl on k?h Xl TPI and the deb / ntur « "I" be handed over a, soon as practicable after the final payment is made, in exchange for the Bank's Interim Receipt, for the purchase money. Copies of Prospectus and Forms of Application may be obtained lloeiVaklA B° m ? e underßl g ne d or from the Bank of New Zealand at any of its A/CdliaUlCa Branches in New Zealand or from any Sharebroker. The usual 1% Brokerage will be paid to Sharebrokers and Banks. Any further information will be supplied on application ro the Secretary, The Wairere Electric Power Board, Pio Pio, Te Kuiti.