BANK RATE FAILS
It ia announced in London that the bank rate has been reduced to 6 per cent, as from Juno 23. This is considered by financial experts to be indicative of the coming of cheaper money, and that the peak point in .nterest rates which have been cure nt since the war has now been passed. To investors in the Dominion, this emphasises the splendid opportunity which now occurs of obtaining V 2 per cent, free of income tax in the sound security offered by Macky, Logan, Caldwell, Ltd., debentures. Such a rata of interest is quite exceptional, and when it is backed by the standing of a firm whose business ia spread throughout the Dominion, and whoso surplus assets amount to £843,782, it will bo seen that the Investment is one of unusual merit. Intending investors should lose no time in applying for an allotment of these debentures, as already £45,000 have been subscribed. The full prospectus can be obtained from any branch of the Bank of New Zealand or any of the company’s warehouse?.—[Advt.]
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https://paperspast.natlib.govt.nz/newspapers/ESD19210630.2.11
Bibliographic details
Evening Star, Issue 17701, 30 June 1921, Page 3
Word Count
178BANK RATE FAILS Evening Star, Issue 17701, 30 June 1921, Page 3
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