Varied financial facilities

Press, 20 February 1986, Page 33

Varied financial facilities

A wide range of financing facilities is provided by Finance and Discounts Limited, a wholly-owned and operated finance company, established in 1936.

The company provides personal loans for the purchase of cars and other major chattels, assistance with home purchases, improvements and renovations. Loans for all types of business and related activities are considered, including term loans for the purchase of plant, equipment, vehicles and agricultural machinery and working capital requirements.

The company can also assist with commercial mortgage finance, bridging finance and by leasing of plant and equipment. In air its lending activities Finance and Discounts Limited can provide competitive rates, flexible terms and prompt consideration of proposals.

Investment facilities range from unsecured deposits at call through to less than six months, with other terms of up to five years being first ranking debenture stock. Features of these investments include the guarantee of its parent company, The Christchurch Press Company Limited, Trust Deed protection and quarterly interest, compounded if required.

Details of these facilities are detailed in the company’s prospectus which is available from their stand at “Investment ’B6” where details oi special interest rates are available.

Finance and Discounts Limited has a paid-up capital of $3 million and total assets are currently approximately $27 million. The company maintains a lower gearing ratio than most finance

companies and therefore the asset backing of investments made with it is most satisfactory. Growth of Finance and Discounts Limited has

continued over the years with resulting increases in profitability. Details of these figures is also contained in the company’s prospectus.

Staff of the company would be pleased to see you at their stand at “Investment ’B6” to discuss your investment or funding requirements.