AUSTRALIA'S CONFIDENCE IN NEW ZEALAND FINANCE.
According to late newspaper reports Australian investors have' shown a marked preference for New Zealand Controlled investments, even where the rate of. interest is somewhat less than in their own country. The rate of interest offered for The Papuan Products Debenture Issue of £12,000 is the. most liberal yet offered for similar investments in this Dominion. Ten per cent, per annum payable half-yearly, free from Income Tax is an attractive proposition where the security »so ample. The Debentures are registered as a first mortgage on the whole of the property and assets of the Company's valued conservatively at £55,000 to £60,000. Before this security could disappear the property would need to shrink to one-fifth of its actual value, .whereas, on the contrary, each year has shown a substantial increase in value, as wider areas are placed under cultivation and brought into productivity, and young tree comes into profit. A limited number of the Debentures are still available. Full information and application forms may be obtained from the office of The Papuan "Products Co Ltd.. Royal Exchange "Buildings, Christchurch, and P.O. Box 652. • ■ - 6
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19210816.2.44
Bibliographic details
Press, Volume LVII, Issue 17225, 16 August 1921, Page 7
Word Count
189AUSTRALIA'S CONFIDENCE IN NEW ZEALAND FINANCE. Press, Volume LVII, Issue 17225, 16 August 1921, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in