A GILT EDGED SECURITY.
CHBISTCHURCH DRAINAGE BOARD DEBENTURES 64 PER CENT INTEREST. Applications are now being received by the Christchurch Drainage Board for 5h per cent; Debentures, maturing March 31st, 1966. Both principal and interest are payable free of exchange at anv branch of the Bank of New Zealand within the Dominion. Denomination of Debentures £IOO. The security is a uilt-edged one—both' principal and interest being secured by a Special Rate of 27-64ths of a penny in the £ on the Capital value of an area havme a valuation of £12.431,794. A Trustee investment. Under Section 3. "Christchurch District Drainage Amendment, 1926." all Debentures issued by the Board are a Trustee Investment within Hie meaning of ''The Trustee Act, 1908." Applications mav be made to the Office of the Christchiirch Drainage Board, 198 Hereford street. Christchurch. or through anv Bank. Member of n recognised Stock Exchange, or Solicitor doing business in the Dominion, and must he accompanied by Cash. Bank Draft, or Marked Cheque, exchange on which will be paid by tho Board. Prospectus will be forwarded on Application. —6
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Press, Volume LXVI, Issue 20038, 20 September 1930, Page 16
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179A GILT EDGED SECURITY. Press, Volume LXVI, Issue 20038, 20 September 1930, Page 16
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