A GILT-EDGED INVESTMENT
CHRISTCHURCH DRAINAGE BOARD DEBENTURES.
A further issue of Christchurch Drainage Board Debentures offers an absolutely safe and sound investment, one that is classified by law as a Trustee Investment. Debentures are issued in denominations of £IOO, and interest is guaranteed at 5J per cent., payable half-yearly, free of exchange, at any branch of the Bank of New Zealand within the Dominion. Investors' interests are safeguarded by a special rate, which has been struck over an area, the capital value of which is over £12,000,000. A sinking fund is provided to repay the whole of the loan on its maturity in March, 1965. Applications for debentures should be sent to the offices of the Board, 198 Hereford street, Christchurch, and should be accompanied by cash, bank draft, or marked cheque. You are advised to make early application. Prospectus on request.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19300215.2.24
Bibliographic details
Press, Volume LXVI, Issue 19854, 15 February 1930, Page 5
Word Count
142A GILT-EDGED INVESTMENT Press, Volume LXVI, Issue 19854, 15 February 1930, Page 5
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