Page 14 Advertisements Column 1

Auckland Star, Volume LX, Issue 106, 7 May 1929, Page 14

// m* jm *jg <0 • • ■ AA A •• • So #rea£ is the importance of the Transport Board's Loan, so vital is the need for the transport extensions the Board has pro' grammed, that it is to the interests of every ratepayer to be sure and record his or her vote. To morrow yois will hold the future of Auckland's Transport in your hands If - for PROGRESS VfllP for PROSPERITY ¥ Vlt for SERVICE Two Alternative Proposals are being submitted £526,600 Loan £280,000 Loan Ratepayers should Vote for BOTH Proposals — Only ONE Loan will be raised. The Larger the loan, the Greater the Benefits REMEMBER THESE INTERESTING FACTS. "1 —The Transport undertaking has never cost Auckland ratepayers one penny. —The undertaking has accumulated £426,000 in a Sinking Fund, which is being added to year by year, and will provide sufficient money to repay debenture* as they . become due. This Sinking Fund is invested outside the undertaking. *^% — The original cost of the undertaking will be paid off in 11 yeare—l94o. A —The new Loan proposals are for 20 years, and a Sinking Fund will be provided * sufficient to repay the indebtedness at the end. of. that period, C —All expenditure, including Sinking Fund, is provided out of fares earned by the - •"' undertaking- . ; ! '•."'.'.- - *