HIGH INTEREST

Dominion, Volume 14, Issue 232, 25 June 1921, Page 8

HIGH INTEREST

8 PER CENT. BONDS. (Published By Arrangement.)

The man or woman with savings to invest naturally looks around for an investment which will yield the highest rate of interest consistent with safety. There can be no question that the Hflgrke’q Bay Farmers’ Co-op. Assn., Ltd.'s issue of 8 per cent. Bonds offers the most attractive channel for the profitable utilisation of spare capital which has yet been offered to the New Zealand public in the form of Bonds. The fact that the concern has been doing business for 30 yeans, and during tho past 10 years has made an average profit of 17| per cent, per annum, is convincing evidence of the Association's prosperity and good management. AVhen it i« noted lint the security for the issue of £1.50,000 totals £329,987. which includes a Reserve Fund of £71.772. then the investor must be convinced of I lie soundness of the Proposition. The applications are coming in at a rapid rate, the money being subscril'cd by people of all grade and occupations. Included amongst these, are:— Accountant Grocer’s Assistant Bn n k O flic ia 1 Ha ird resse rand ToBootmaker bacconist Clerk in Holy Housemaid Orders Journalist Cordial Manufac- Master Mariner turer Nurse Contractor Retired Merchant Dairy Inspector Railway Employee Domestic Duties Solicitors Doctors and Sur- Stock Agent geons Schoolmaster Engineer Storeman Farm Assistant Tcwcher of Music Farmer and Sheep- Tailor farmers Soldiers Farm Manager Tf should bo pointed out that only £75.090 of Bonds—from the issue of 4’150,000 —are now loff-'rod for application. They are in ilenominations of £25. £5O, and <£loo. Interest nt the rate of 8 n p r cent, per nnnnm will be paid halfyearly free of income tax. Tb- Directors of th- Hawke’s Bay Association are: —Major-General Sir Andrew Russell, K.C.R.. K.C.M.G. (Chai"mani, Messrs. D. r ’. Clarkson. AV. A. X. Conner, H. Gascoyne. W. H. GuthiieSmith. J. TV. Harding, Arch. M'Lenn. I M’Knv. R. D. M’T.ean, and R. IL Tod

Applications are coming freely every day. therefore readers who wish to earn 8 per cent, for Hieir canifnl should secure a Prospectus of once Apply nt the Union Bank of Australia. Ltd., any incnilrer of the Stock Exchange, or (lie Office of the Company. Napier, and Branches,

A special represent,atir" of the Hcl-e’s Bar Farmers’ Co-onerntive o M-infi'-n. L*d.. will bp in aitl endnnen nt Ike Farmers’ Co-oi'er*F co Wholo’ile Federation. N.Z. T.td. (first floor. Farnmr*’ T'-sfifutc Bnildimr', Featherston Street. Wellington, to give full information to nil inquiries, relative to the Bonds.