A GILT-EDGED INVESTMENT.

Evening Post, Volume CVII, Issue 106, 6 May 1924, Page 8

A GILT-EDGED INVESTMENT.

The loan of £59,000 now being floated by the Wellington City Council is an attractive ;.■ investment. The principal and interest are,secured by a special rate on the unimproved value of the city of Wellington, which value is1 now about £15,000,000. The.complete security attached to the loan makes it a giltedged investment, and anyone desiring a good rate. of. interest consistent with undoubted security could not do better than invest in this loan. The loan is for a short term of.'ten years, and is repayable on Ist May, 1934. . Interest is at s.jj per cent., and is payable half-year-ly on the .first days of. May and November. A sinking fund of-I'.per cent, will be established-in-, connection with' the loan. The debentures offered to the public are for £}.00 each, but large investors; if they so desire, may apply for debentures in denominations of, £500 and £1000. The loan is available to all/and should appeal' to all clases of investors. Interest commences immediately an investment is made. It is the most convenient form of investment obtainable, as at each half-year a coupon is detached ■from the debenture', and may be either presented at the Council Office for payment or lodged to a bank account. Investors will receive interest and repayr ment of principal free of exchange anywhere in New Zealand.. Trustees may invest in these municipal debentures. Applications should be niado promptly to the City Treasurer, Town Hall, We)Uu3«>n,—AdvU . •"*■ :

AIR. MASSEY'S PREDICTION.