HARBOR BOARD DEBENTURES

Evening Star, Issue 17922, 18 March 1922, Page 6

HARBOR BOARD DEBENTURES

A GOOD INVESTMENT.

To those who are looking for a good safe investment at a remunerative rato and for not too long a period, the Harbor Board debentures should prove very attractive. The rate of interest is £6 10s per hundred pounds per annum, That means that for every £loo_ .you invest with the board you get £6' 10s a year. This is really a gilt-edged security that should appeal strongly to everyone who lias any spare money they wish to use to good advantage. Tho rato of interest generally is now falling, and probably by this time next year it will not be easy to find so safo an investment returning 5 or 5i per cent. Now, £3OO invested at 6} per cent, brings in almost as much in return ns £4OO invested at 5 per cent. Therefore if you now put £3OO into Harbor Board debentures at 6£ per cent, your £3OO will be practically equal to £4OO invested next year at 5 per cent. The same thing applies to £IOO or £I,OOO. Another important point is that you get your principal back at the end of six and a-half* years. _ You may need it then. The money is not tied up for twenty or thirty years. In fairness to .yourself, and to those dependent on you, there is no doubt you should communicate with the secretary of the Otago Harbor Board, Dunedin. Full particulars free.— [Advt.]