Page 30 Advertisements Column 1

Press, 9 June 1986, Page 30

HRHHMMMH f r 1 telephone ■jXOlUliQQjlfl U-U-4 CALL I J DEPOSITS WANT - YESTERDAY’S • Reliable scale mainten- X-—< RATE ance • Competitive hourly rates ■ 0/ • Faster response to ■ M■■ *7 breakdowns ■ ■ ■ /g WLTEC SCALE LTD Lt— 111 E Phone 65-800 _ 132 Wordsworth St f\l " w ■S9SKB Z PA PP| (03) 795-269

PROPERTY ■ LOANS $5,000 to $500,000 ■ Home Improvement Loans ■ House Purchase ■ Bridging Finance ■ Commercial Property Finance ■ Business Loans ■ Investment Property Acquisition National Bank Building, National 164 Hereford Street, Australia Christchurch. ...» Tel: 797-847 Limited A member of National Australia Bank Group

MORTGAGE FINANCE-FROM $50,000 UPWARDS - FOR YOUR COMMERCIAL VENTURE! Get the finance you need, right now, from United, New. Zealand's largest Building Society. Whether you're starting out in business, or refinancing or developing a major project, United has funds permanently available both for existing customers and non-customers. • Interest only: Terms up to 5 years. • Principal and interest loans: Up to 15 years. • Onshore and offshore financing available. • Competitive interest rates. Complete a preliminary application right now or for further information contact the Commercial Loans Manager: 6579 sih BUILDING SOCIETY PO Box 1259 CHRISTCHURCH Telephone 79-4-140 OR ANY INITFD HEAI.IY WOKIJ) OFFICE

TENDER OF NEW ZEALAND Wgj GOVERNMENT STOCK VBjil? TENDER No. 32 In terms of the Prospectus for New Zealand Government Stock dated 13 September. 1984, the following stock is offered for sale: Maturity Date Coupon Rato Total Amount Offered Ist Interest Payment(’) Special AllotmentU) 13/1 I*/89 14% $2OO million 13/11/86 «n million 15/9/91 $2OO million 15/9/86 s6imHl on 15/10/96 <♦% $lOO million 15/10/86 $l5 million 1. Interest will be paid at half yearly intervals thereafter. 2. The Earthquake and War Damage Commission will invest these amounts in addition to the total amount offered. The closing time for bids is 12 noon, 12 June, 1986 OVERSUBSCRIPTIONS: The Reserve Bank reserves the right to accept oversubscriptions of up to 20% of the amount put up for tender in any individual maturity, provided that the total of the amounts accepted in all maturities does not exceed the total amount put up for tender. The settlement period for successful bids not settled on the day of the tender commences on the day following the date of the announcement of the tender results and continues until 7/7/86 Prices for stock will be adjusted throughout the settlement period in accordance with the formula detailed in the prospectus. Any settlement must take place before 2pm on any banking day within the settlement period. Full details of the tender system are contained in the Prospectus which can be obtained from the Head Office and branches of the Reserve Bank of New Zealand. Bids will be accepted only if they comply with the Prospectus and if made on the bid form entitled "Bid Form for Government Stock attached to the Prospectus. The main features of the tendering system, which incorporates two types of bidding facility are: ACCESS TO TENDER ★ Registered bidders S’S days before they bid for, or unless an exemption in writing has been granted tender al the Reserve Bank. Wellington. by the Reserve Bank. „ ★ Bids from registered bidders must be accompanied by a deposit by ★For non-registered bidders competitive bids must be accompanied way of Bank Cheque, for the greater of 5 per cent of the face value by a bank cheque for the full face value of the Stock bid for. of each bid or $lOOO, unless an exemption has been granted by the Non-Competitive Bidders Reserve Bank ★Non-competitive bidders do not have to be registered, but the bids Non-Registered Bidders must be accompanied by a bank cheque for the full face value of the ★ Bids will be accepted from those parties eligible to bid but who do Stock bid for. not register before a tender. ★Up to 5 per cent of the face value of each maturity offered is ★Non-registered bidders must submit a bank cheque for the full available for non-competitive bidders. amount of the face value of dlds ★Bidding is on the basis of amount (face value) only, with a minimum Competitive Bidding bid size 0( j loo q increasing in multiples of $lOOO thereafter up to a ★ Bidding must be on the basis of yields to maturity. maximum of $lOO 000. ★ The minimum bid size is $lO,OOO (face value) ■ncreasinsl in>mulhpi e s * The - e|d on non . competitive bids wi „ b e determined by the of $lOOO thereafter, with no maximum id. i u weighted average issue yield of successful competitive bids in the ★ If'the bid is successful the Stock will be alloted at the yield bid. tender for that maturity of Stock. ★ For registered bidders competitive bids must be accompanied by a ★The settlement price for successful non-competitive bids will be bank cheque for the greater of 5 per cent of the face value of Stock determined as at the first day of the settlement period. Full details of the relevant settlement procedures are contained in each Prospectus. Competitive and non-competitive bids, from registered and non-registered bidders, will be received at the tender boxes at the Head Office or any branch of the Reserve Bank of New Zealand between 9am and 12 noon on the day of the tender. Bids will also be received until 12 noon on the day of the tender at P.O. Box 10-254, The Terrace. Wellington. New Zealand Tender boxes will be situated at: WELLINGTON AUCKLAND CHRISTCHURCH Money Market Operations, 4th Floor, Government Stock Registry, 10th Floor, Public Counter, Ist Floor, No. 2 The Terrace 65-67 Customs Street East 158 Hereford Street Chief Manager Financial Markets Dept Reserve Bank of New Zealand . June 19, 1986 it GOVTSTOCK.HLD