Page 8 Advertisements Column 1

Dominion, Volume 18, Issue 54, 28 November 1923, Page 8

HIGHER INTEREST IN N.Z. ADVANTAGES OF LOCAL ELECTRICITY LOAN. Cabled advice from London states that the Southland Electricity Loan of three-quarters of a million has all been taken up. This indicates that the l!ri tish investor considers a 5 per cent. Dominion loan issued at 99. an <■ Occident investment, but it also emphasises the greater attractiveness of tho Auckland Electric Power Board Loan, now being offered to New Zealand investors, which bears interest at the rate of 5J per cent, per annum. Cal eulated on tho basis-of interest earned by the Southland loan, the Auckland Electric Power Board Loan is worth slightly under 109, and its issue at par is equivalent to a concession of £9 per cent, to the purchaser. Shrewd investors have not been slow to see the advantages offered by tho Auckland Power Board debenture issue, and the. rapidity, with which debentures are being purchased necessitates ar-rl’-cation being made at once, if an allotment is to be secured. £lOO <r any multiple of £lOO can bo mvoiied. Interest is payable half-yearly, and the debentures are redeemed at par in 1945. Apply for prospectus at spy branch of tho Bank cf New Zealand, or to the secretary, Auckland Electric Power Board., Quay Street, Auckland. Adyt.