Page 8 Advertisements Column 1

Dominion, Volume 18, Issue 59, 4 December 1923, Page 8

AUCKLAND’S POWER PLANT. 5T PSK CENT. DEBENTURE ISSUE A GILT-EDGED INVESTMENT. Applications for Auckland ElectricPower Board 5} per cent. Debentures are being received from all parts of New Zealand. To complete the purchase from the Auckland City Council of the electric supply undertaking, the board is raising a loan of £250,000 by the issue of Debentures in £lOO, £5OO, and £lOOO denominations, repayable in cash in 21 years. Interest coupons attached to the Debentures may be cashed every six months at any branch of the Bank of New Zealand, and as the board’s operations are not affqcted by market fluctuations or ordinary business risks, tho Debentures will be absolutely unaffected by any future fall in rates of interest. This fact, together with the solid security, makes Auckland Electric-Power Board Debentures, particularly attractive as an investment for trust moneys. Application for Debentures may be made at any branch of the Bank of New Zealand, and copies of the full prospectus may be obtained from any of the Bank of New Zealand branches, or the secretary. Auckland Elec trie-Power Beard, Quay Street-, AucklauiL—Auvt,