PLANA A WORLD VISIT TO fair 79 TRADE ONLY DAYS AUGUST 21st-24th GENERAL PUBLIC AUGUST 25th-SEPTEMBER 2nd Hours 1 lam-1 Opm Daily* Wellington Show Association Sundays Noon-6pm PO Box 7105 • Tel 896-199
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GEO. BERRYMAN LTD OFFICIAL SERVICE DISTRIBUTING AGENTS FOR CANTERBURY, WEST COAST AND NELSON. PHONE FOR FULL 7^™ S R T o C S RCH HtCOH INFORMATION 234 81 h 4 a B h 9 D St
i ■' < T W'J Inflation Bonds ' J! I WMHI L. I- ’ a? *ji “They inflation-proof my savings until I retire” . hen you’re coming up to retirement you need to protect your savings from inflation. That’s why I decided to put money into New Zealand Government Inflation Adjusted Savings Bonds. They inflation-proof my savings and I can take out up to $l,OOO in Bonds every calendar year and so can my wife. Once I’m 60, if I need the money I can withdraw it at one month’s notice and still have benefitted from the inflation protection.” How Inflation Bonds work The whole idea behind Inflation Adjusted year on Ist July, you receive an interest Savings Bonds is to maintain the payment of 2% on the amount of your purchasing power of your savings. When original investment: you cash in your Bonds you are You can buy Bonds to a maximum of guaranteed a tax free premium, equal to $l,OOO in any one calendar year. The the percentage change in the Consumers maximum amount that can be held by Price Index, while you've held the bonds, any one person is $5,000. The minimum or 5G per annum compounded quarterly application is $lOO and after that in — whichever is the greater. Also, each multiples of $5O. When can you cash-in Inflation Bonds? Normally Inflation Bonds must be held for at least 5 years. But, you can cash them in at one months notice if you are: • Over 60 years of age • A first farm purchaser • A first home purchaser • A first commercial fishing vessel purchaser. Inflation Adjusted Savings Bonds the look ahead investment that protects your savings Application forms.and prospectuses are available from and subscriptions will be accepted by any Post Office, Trading or Savings Bank. Sharebroker, or the Reserve Bank of New Zealand in Wellington, Auckland and Christchurch. Or fill in and send coupon. The Chief Accountant ■ Reserve Bank of NZ ’ BtEf PO Box 2093, Wellington Inflation Bonds: Please send me a prospectus for Inflation Adjusted Savings Bonds NameAddress....
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Press, 27 August 1979, Page 20
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528Page 20 Advertisements Column 1 Press, 27 August 1979, Page 20
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