Page 21 Advertisements Column 3

Press, Volume CVI, Issue 31225, 24 November 1966, Page 21

INVEST NOW! A rare investment opportunity combining high interest, short terms and assured security. CHARLES BEGG & CO LTD ISSUE AT PAR£500.000 SECURED DEBENTURE STOCK Gf 6’f 7h I -3 YEAR TERM 5 YEAR TERM 7 YEAR TERM F . •Charles Begq & Co. Ltd. needs no introduction to tho f- 1 < ’ (investment. market. The group includes, besides the I I <■ . j ‘parent company two major manufacturing companies, | 8 Irw _ .an import company and several substantial properties. ■■■_■ During its 105 years. Begg's have become one of tho ° 1 » 1 •»> > dominant traders in housebold appliances while reGaining their position as New Zealand's pre-eminent ~— -■■ , * distributors and retailers of musical goods. Their re- SMH|| . tail activities carried on through a New Zealand-wide chain of modern shops are complemented by an in- ===== | creasingly diverse range of manufactures. INTEREST COVER: On a £500,000 subscription the interest cover at tho maximum rate of 7|7« will be 9.6 times. ASSET BACKING: On a £500,000 subscription the / asset backing for every £lOO of deben- Ami ture stock will be £631. M MINIMUM APPLICATION: £5O with multiples of £lO. ft ' Forms of Application and Prospectuses may be obtained from: Any Branch of Charles Begg & Co. Ltd. ~ Any Branch of the Bank of New Zealand or any Member of tho Stock Exchange. ■ CHARLES BEGG & CO. LTD., | I . P.O. BOX 1036, CHRISTCHURCH. I Please forward mo prospectus and application ■ form. I Name. „ | r I J Brokers to tho Issue: Forsyth Barr & Co., P.O. Box 1205, Dunedin. This advertisement Is not and does not purport to be a prospectus.

: W SMI I IL w H i ■ 1,. •*-’I»U’I"'V If The steady rise in the cost of living Government in New Zealand will This programme can be financed over the years has seriously eroded do the same. from the Superannuation bund the value of payments made to Government Superannuation pay- itself. Government Superannuitants. ments will be subject to an There will be no extra charge Investigations have shown that the automatic adjustment of 2 p.c. a against the taxpayer, annuity paid to a Public Servant year. The adjustment will be , ~ who retired in 1955 now has less retrospective to 1955 so that the . AL, J than three quarters the purchasing Superannuitant who retired in I ll*lVjQ ilPjlfl power it had when it was granted, that year (or since) will have his X A Labour Government will not let annuity increased by 2 p.c. for llflfll a this situation continue to develop, every year of retirement yy *lll <* Labour believes that those who The legislation, which will be have served the State have the right introduced next year, will mean a ■ M Mil B Bnll to expect that their living standards 2 p.c. increase for a superannui- ■ will be protected when they retire. tant w ho retired in 1966. a 4 p.c. ■ linilll|l Governments in Britain. Australia, increase for those who retired in the United States, and France have 1965, and so on until the maxipassed legislation to adjust annui- murn 24 p.c. is reached for those A. TtIVCIUII lylllties to living costs. A Labour w ho retired in 1955 or earlier. L—_—___________ luutd b/ th. NX Labour Party. LP7