Page 23 Advertisements Column 4

Press, 22 October 1983, Page 23

In response to Government requests for lower interest Bevels RSL offers its new rate II fl F | ; < ■* ’ ■ " ~ MORTGAGE MANAGERS THIS IS THE SECURITY WE OFFER against default by the borrower. This . guarantee is unsecured, but supported by 1. That RSL has completed ten years service Government securities deposited with the to investors in New Zealand. Public Trustee in Wellington in accordance 2. That your funds are always secured over ™' h the Insurance Companies' Deposits real estate. First and second mortgages only. ACI SOJ ' _ 6. That RSL trust accounts are audited quarterly. i 3. That the maximum margin is 70% of valuation for both first and second 7. That investors with $30,000 may inspect mortgages. It is often a lot less. the security before investing. 4. RSL mortgages are insured in Great Britain g. That personalised mortgages are available by the Trident Insurance Group, and the f or SOLE ownership by investors of $50,000 ' British National Insurance Co. Ltd. acting jointly under Policy No. 652177 As is 9. That interest is paid quarterly at advertised normal with insurance policies, this policy is rates "free of any charges". It is posted to unsecured. be in your mail box on due date. f The lender is insured against: 1 O. That RSL funds are deposited for two years a) The borrower failing to insure the and lent ,or not more ,han lwo V ears r security under the mortgage. -j RSL has never missed an interest | b) The insurance policy being invalid due payment, nor has any depositor ever lost f to the borrower not complying with the his or her funds. conditions of the policy over the 4 « ... security under the mortgage mortgagors are by law required to ’ . . , provide personal covenants. Because we c) Loss to the lender of principal and are cautious as to where we place your interest up to $250,000. on any one funds, the majority or our borrowers are individual mortgage resulting from people of substance, and consequently default by the borrower under that mortgage. their covenants have real worth. 5. The amount due to each investor by way of 1 3. Neither the New Zealand Mortgage quarterly interest is guaranteed by the New Guarantee Company Limited, nor any Zealand Mortgage Guarantee Co. Ltd subsidiary company, borrows funds from rsl. 14 PER ANNUM ON YOUR INVESTMENTS Subject to review either up or down on early repayment of the mortgage MINIMUM DEPOSIT $5OO MINIMUM TERMS OF 2 YEARS | U rai rna na S 3 EH BB HB El SEI BB E3I tS3 ta BS ES QJ ESS For further information, return this sa ““ s ““ ““ coupon without obligation to: j| s)\n 1 NAM 6 § Registered Securities Limited ■ “ P.O. Box 2482, Auckland ra H Telephone Auckland 796-323 B Collect or After HourS | cp 22/10 H 444-5071 (Collect) ■ PHONE , 7 L S W&M 35690 © v