INTEREST RATES.
The return to the investor on his outlay, based upon the latest dividends, works out as follow* on the latest sales. When Government Stocks are included, the calculation provides for redemption at the earlier date of maturity. When payment is made in sterling, exchange is added. In the case of local body issues allowance is also made for 20 per cent interest reduction:— PER CENT PER ANNUM £ s. d. Bunk of New Zeuland 4 9 0 Commercial, Bank 3 11 5 Bank of New South Wales .. 3 8 4 Union Bank 3 l 9 New Zealand Insurance ..... 3 1 0 Dominion Breweries 4 2 10 Electrolytic Zinc (pref.) .... 4 4 0 Farmers' Fertilizer 5 14 2 Wilson* Cement .... 7 7 10 Stock. 15/4/46-49. 4 3 11 i> Akd. Barb. Bd., 9/7/44 .... 3 15 4
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Bibliographic details
Auckland Star, Volume LXVIII, Issue 154, 1 July 1937, Page 4
Word Count
136INTEREST RATES. Auckland Star, Volume LXVIII, Issue 154, 1 July 1937, Page 4
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