A 7½ PER CENT INVESTMENT.
The United Permanent Building and Investment Society is now offering a further issue of £1 shares to the public; The new issue will be allotted according to-priority of application. A charge of 1/ per share entrance fee will be made. This is a favourable opportunity for the small investor to participate in the advantages of . .first mortgage investment. The collecting of repayments; attending to insurances'and the like,' is undertaken, by the society, thus reliev; ing the investor of all responsibility in this direction.
The society has already issued 60,000 £1 shares. The reserve- fund is £6000, being 10 per cent of the paid-up capital. The assets, amounting to over £100,000, consist of first mortgages. Dividends are now being paid at the rate of 7$ per cent per annum, payable half-yearly, and 2i per cent is added annually to the reserve fund. With the natural growth of the society, these results will be considerably increased. Therefore investors are recommended "to take immediate advantage of this offer.
Applications for shares to-be made at the society's office, 16, Fort Street, Auckland. W. W. Scott, secretary^XAd.)
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Bibliographic details
Auckland Star, Volume LVII, Issue 96, 24 April 1926, Page 15
Word Count
187A 7½ PER CENT INVESTMENT. Auckland Star, Volume LVII, Issue 96, 24 April 1926, Page 15
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