Page 22 Advertisements Column 2

Press, Volume CVI, Issue 31086, 15 June 1966, Page 22

INTEREST RATES UP TO /^3 O/ A further opportunity to invest at high W ■ A / interest rates in one of New Zealand’s W /j. Zrx most successful industrial groups I /V FLETCHER HOLDINGS LIMITED The Fletcher Organisation is one of New Zealand's leading industrial groups with activities embracing a wide and active economic field. MMBBBB wIT Its interests include Construction, Engineering, Steel, Timber, |||g Manufacturing, Merchandising of Builders’ Supplies, Land and « Property Development, and Investment in other major industries. The Group plays a vital role in the continuing growth and prosperity of New Zealand. This investment offers first class security with a high rate of interest. Fletchers are widely acclaimed as one of the most successful in fixed interest borrowing. RATES OF INTEREST 6 years 6^% per annum 10 years 6%% per annum 15 years 6%% per annum 20 years 6%% p.a. • €99% INTEREST COVER Group earnings available for payment of interest jor year ended April 1965 would cover interest on debenture stock, Including this issue, not less than 4.73 times. . ASSET BACKING The book value of assets charged under the Deed will be approximately £2B million giving an asset backing of not less than £3BB for each £lOO of debenture stock. ■KWi INDEPENDENT TRUSTEE The Guardian Trust and Executors Companyof New Zealand Limited. wlr ' aSaSafiP 8 * CASH AVAILABLE FOR DEATH DUTIES The Trust Deed provides ■■■£ for early repayment for Death Duties. STOCK EXCHANGE LISTING Sound investments of this type are normally listed on the Stock Exchange so that an investor may sell HMMwB his debentures before maturity. Application has been made to the Stock Exchange Association of New Zealand for the listing of this Investments must be in multiples of £5O with a minimum of £5O M any one ALL COSTS OF APPLICATIONS INCLUDING BROKERAGE AND INLAND EXCHANGE WILL BE BORNE BY THE COMPANY Prospectus and application forms are available from: (a) Any of the offices of the Fletcher Group of Companies, (b) Any member of the Stock Exchange, (c) Any branch of a trading bank, (d) The *B Underwriters, Daysh, Renouf & Co., P.O. Box 3648, Wellington. (e) Or fill in and mail the following coupon ... I POST THIS COUPON TO: . . I FLETCHER HOLDINGS LIMITED, J PRIVATE BAG, AUCKLAND I « Please send me Prospectus of the Registered Deben* I I ture Stock issue. I | lam interested in investing £- I I for years | [ Name: I - i ■ This sdvertissment is not snd does not purport to be « prospectus. I i UNDERWRITERS. DAYSH. RENOUF AND CO.. MEMBERS OF THE WELLINGTON STOCK EXCHANGE