C.O.P. TO ISSUE DEBENTURES
Funds To Meet Bigger Demand Issues of first mortgage debentures are bein ’ offered by five of the uabsidiary companies of Cash Order Purchases, Ltd., a cash order and finance company based in Christchurch. The rates of interest offered range from 7j per cent, for five-year term debentures down to 5J per cent, for one year. The debentures are secured by trust deeds with the Trustees Executors and Agency Company. Ltd., and the payment of interest and repayment of principal is fully guaranteed by Cash Order Purchases. The funds raised will be employed to meet the increasing demand for the services of the C.O.P. group of companies. Subscription lists will be open on October 11. » Mason Struthers. Recommended dividend is 5’4 per cent, on reconstructed capital. Bonus shares participate as from September, 1960. Shares will be exdividend on October 18.
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Bibliographic details
Press, Volume C, Issue 29638, 7 October 1961, Page 16
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143C.O.P. TO ISSUE DEBENTURES Press, Volume C, Issue 29638, 7 October 1961, Page 16
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