AUCKLAND—THE SAFEST INVESTMENT PROVINCE

Evening Star, Issue 17689, 16 June 1921, Page 9

AUCKLAND—THE SAFEST INVESTMENT PROVINCE

SOME STRIKING FIGURES; The Government Gazette just published, covering the first, quarter of this year, shows that the exports from the Auckland province alone were greater than the combined exports of the provinces of Wellington, Taranaki, and Hawke s Bay together, and were two-thirds creator than the combined exports of all the provinces of the South Island taken as one. Hero are the figures : Auckland Province ... £5,020,371 Wellington, Taranaki, and Hawke’s Bay ... - 4,900,252 South Island 3,257,518 Since 1918 the Port of Auckland has exported more produce than any of the other large ports of the Dominion, and now holds a premier position, from which it is most unlikely she will ever recede. For the last quarter the figures are : Exports. Imports, Total. £. £. .£. Auckland 4,306,899 5,102,666 9,409,565 Wellington 1,308,957 4,896,273 6,205,230 Lyttelton 1,120,829 2,688,539 3,809,368 Dunedin 649,065 1,700,734 2,349,799 The wonderful growth of the Farmers’ Union Trading Company, Limited, Auckland, is but the natural outcome of the prosperity of the Auckland province. Its mild climate and abundant winter feed make it the ideal Dairying Province of New Zealand, while its vast tracts of undeveloped lands, yet to bo opened up, assure a future to Auckland that far surpasses the prospects of any other part of the Dominion. The last few months have proved conclusively that butter stands supreme as a profit maker—by far the larger majority of the Farmers’ Union Trading Company’s 15,944 shareholders are dairy farmers. That is why this Company’s total shareholders’ outstanding accounts represent lees than seven weeks’ sales—a record that none hut a dairy province could equal. In view ox these facts it is only natural that the par cent. Bonds now being offered by the Farmers’ Union Trading Company should be in great demand. Over £50,000 worth .have already been taken up, and as the Company is offering only £IOO,OOO worth of Bonds at present, which will probably be subscribed promptly, intending purchasers should make early application for their requirements. Rate of interest is per cent., free of income tax, payable half-yearly. Security amounts to £568,460. Prospectus and application form can bo obtained from any branch of the Bank of New Zealand, or direct ' from the Secretary of the Farmers’ Union Trading Company, Auckland. —[Advt.]