Page 13 Advertisements Column 1

Evening Post, Volume CXVIII, Issue 55, 3 September 1934, Page 13

An Exceptionally Sound Investment Today there is an urgent call for funds to assist in the erection of homes to meet the present widespread and acute shortage. Employ your surplus money safely and profitably by investing in The NATIONAL PERMANENT BUILDING SOCIETY EXPERIENCED DIRECTORATE: A Society which is purely mutual and in which every member shares in the A. E. Allison. Wellington, Retired Civil Servant, formerly profits hi proportion to his shaieholding. Commissioner, Government Life Insurance. No free shares will be given to Directors, Promoters, or anyone else. R. L. Macalister, Wellington (partner in the legal firm of . Mazengarb, Hay, and Macalister). tbTTUSffiEI ffliffi^oSSSSS. W? (DireCtOt °£ RIGHT T° WITHDRAW SHARE CAPITAL: G. H. Scott, Wellington, Merchant (Managing Director of the Following the British practice, all shares (whether fully or partly Scott Timber Company, Ltd.). paid) are by the Society's rules made withdrawable on one calendar Auditor.—L. H. Heslop, of Ernest Hunt, Turner, and He«lop, month's notice. It Is the intention of the Directors to keep a reasonWellington. __ ' abl° Proportion of the funds of the Sirciety invested In Government Solicitors.—Mazengarb, Hay, and Macalister, Wellington. and Municipal Securities easily realisable. This Is one of the features interim Secretaries.—Rowley, Gill, Hobbs, and Glen, Wellington. which has made investments in British Building Societies as popular Bankers.—Bank of New Zealand. as they are today. SUBSCRIPTIONS: Subscriptions are invited for any number of (a) fully paid wp "~- ■ ' (or "A") shares of £1 each to be paid for— WHAT PROMINENT PEOPLE SAY: 1. As to 2/6 on application. _, ~. , , 2 A.s to 2/6 on allotment. * -1-" 8 i°"owing comments from distinguished statesmen beau eloquent testimony 3! As to 15/- within 3 months of allotment. to the fact tnat Building Societies render great National Service:— (b) Partly paid up subscribing (or "B") shares in the Society The Rt. Hon. J. Ramsay Mac- Lord Bradbury.—"The National of the ultimate value of £25 each. In respect of each such Donald.—"No movement or co-opera- value of the *ork which the Societies share the sum of 5/- is payable on application and the balance of .. «. . . „,„„«„, n t arc doing would be difficult to exagtho capital is payable by monthly instalments of 5/-, when tIVO selt "elp IS more worthy of gorate .» fa these monthly payments together with the interest allowed support than that of Building Viscount Cecil of Chelwood X.C.— on the accumulations from time to time total £25 the share Societies. Building Societies figures "The great merit of Building Societies is fully subscribed and this amount is paid out to the member are co i ossa i ; but behind them is an is that they have provided a direct tia&_flurs*-sw.__!f_vss- E*_f_s__-- * to™ s__%?s_?-i^-T_a raately / years. 1 vy ■ j ng done more to promote this HOUSING SHORTAGE AND NEED FOR FINANCE: The Rt. Hon. Stanley Baldwin.— admirable result than the developIt is estimated that there is a shortage of at least 20,000 "The work and aims of the Building ment of the Building Society Movehouses in the Dominion. It is inevitable, therefore, that there Societies will commend themselves to ment, which deserves the sympathy will be an early renewal of building activities, probably on a all thinking people." and support of all good citizens." scale never before experienced. These works will require to be .»•»■«■-A-irrk nD nnTc. financed. Experience in Britain has shown that there is no ANTICIPATED PROFITS: better or more popular means of achieving this end than through Assuming that £300,000 is taken up- in shares by investors —and the Directors Building Societies The National Permanent Building Society are confident that this amount will be received—a dividend of 4%% may be provides the necessary machinery. > reasonably anticipated, in addition to providing for reserves. Whenever interest AMPLE SECURITY: rates increaso °^ course, a higher dividend may be expected. Regarded merely from the point of view of security, Building D*»«* *A«o /Tn ««.%,-.•« 4--.J-. £ _, ' Societies' shares hold their place in the very front rank for rOSt IMS KsQUpOtl lOUdy TOT a COpy they are securad not alone on the homes of the borrowers with _/■ *l,^ P«vtond/<h(c an adequate margin of real value (fixed at present low rates), Of tflc I TOSptZCLUS but on the moral security represented by the personal covenant of a borrower whose heart is set on the ownership and retention j ! of his own home T0 MESSRS , ROWLEY, GILL, HOBBS, & GLEN, FREEDOM FROM LEGISLATIVE RESTRICTIONS: I Public Accountants, I The Investments of the Society will be free from the restric- j INTESI M _SECR,| TA RJ. ES>» ,-. I tions imposed on mortgages executed prior to March, 1931. 1 p<o- Box 527 > WELLINGTON. The provisions of the National Expenditure Adjustment Act t,, „ . ■~ _ , ~, .- ~ , 1932, reducing all interest by 20%, and the Mortgagors and I v.^^^Z'An^r Prospectus of the National | Tenants Relief Act 1933, giving mortgagors right to apply for Permanent Building Society, relief, will have no operation in respect of advances made by . the Society. I NAME ' EXEMPTION FROM TAXATION: I I Building Societies have always been looked upon by the State I ADDRESS | with favour. Section 78 of the Land and Income Tax Act 1923, | expressly exempts the income of every Building Society from ! liability for Tncomo Tax. Investors will no doubt realise the I I importance of this benefit to tl)e\Society. ' . —'