INTEREST RATES.
The return to the Investor on his outlay, based upon the latest dividends, works out as follows on the latcst_ 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. Bank of Now Zenlnnd 4 13 0 Bnnk of N.Z. (PMortff.) B 1 S Stock, 15/1/153-57, 31 3 14 0 Ditto. 15/2/43-4*5. 4 3 12 4 Broken Hill Proprietary ... 4 3 <> Is'.Z. Perpetunl Forests .... 3 12 0
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Bibliographic details
Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4
Word Count
108INTEREST RATES. Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4
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