WHAT IS THRIFT?

Press, Volume LXII, Issue 18725, 23 June 1926, Page 9

WHAT IS THRIFT?

A MISUNDERSTOOD WORD. Thrift is the most misunderstood word in the world to-day. iSonie think it is economy. Others mistake it tor providence. A few call it frugality. Tlirift is not one of these three. Thrift is saving and earning. iou notice the word "saving" is P u '. hre l. We all "earn" first. The man wishing to mak® wise and sure provision for his old age cannot do better tban invest in Christchurcb Drainage Board Debentures which are issued in denominations* of £IOO each, £6OO each, or £IOOO each, at the option of tbe purchaser. These debentures do not m .ure for nearly fifty years, and in the meantime, the attractive rate or £5 15s per cent., per annum, interest is payable by the Board, free of exchange; at any branch of the Bans of New Zealand within the Dominion. Exchange is also paid by the Board on all accepted application money wnicn should be sent in either by Cash. Bank Draft or Cheque, to the Secretary of the Christchurcb Drainage Board, 198 I Hereford stret, Christchnrcb. ITie l security is gilt-edged, the Debentures and Interest being covered by special | rates over the capital value of an ar comprising practically the whole of the City of Christchurch, and a large portifßi of its subujfc&"