PROVISION FOR OLD AGE.

Press, Volume LXI, Issue 18550, 27 November 1925, Page 10

PROVISION FOR OLD AGE.

CBHISTCHU'RCH 3>EAINAGE ■ BOARD DEBENTURES. People wishing to make safe provision for their old age could not invest in a safer and sounder proposition than Christcimrch. Drainage Board Debentures, which, are offered to purchasers in denominations of £IOO each, £SOO each or £IOOO each. On them interest is paid at the rate of 6i per cent,- per annum, free of exchange at any branch of the Bank of New Zealand within the Dominion. The term of the Debentures is for 50 years, from Octolwr Ist, 1923, with the right of redemption by the Board of the whole or any portion after the expiration of fifteen years. The Debentures and Interest thereon are secured by* a special rate of one farthing in the £ on the capital value of an area valued at £16,566,160, and lid in the £ on the capital value of an area valued at £7,167,696. This area, comprises practically the whole of the* City of Christchurch and a large portion of "the suburbs. . Application Money will |>e received at the Office of the Board, 188 Hereford street, Christchurch, in Cash, Bank Draft or Cheque, and exchange will be paid by the Board on all accepted Application Money. \ Brokerage of 10s per cent, will be paid to members of recognised Stock Exchanges and also to Banks and Solicitors doing business in the Dominion on sales actually completed by them. Copies of the Board's Prospectus are obtainable FREE on application. -^5