AMUSEMENTS.

Grey River Argus, 20 May 1921, Page 6

AMUSEMENTS.

POLLARDS PICTURES TO-NIGHT. ... I A HUGE BRITISH PRODUCTION. ’ • ■ ■ I Jo-night ami to-morrow afternoon, 1 , ami ;i4so on Saturday evening an ah British picture by the Hanna Company, “’.rhe Croat Impostor’’ starring i Bernard Dudley and Marie Blanche , will be presented by Pollards at the 1 Opera J louse. 'I hr steadily growing . demand for British pictures is being supplied by productions that .show the I remarkable strides that have been ; made by British producers since the 1 war. Not the least successful ol j these is the llarma feature ‘ The (treat ) Impostor" in which the leading roles ] are undertaken by Bernard Dudley a’<d ( Marie I’lamhe, both being typical ex- j amples of the front rank screen artists ( of the Old Country. On Sunday even- ;] ing - I’lie Doctor and the Woman” j from the popular novel by Mary Bob- ( erts Rinehart ami featuring the (harming Mildred Harris will be . screened.

r i'. p.c. FREE OF INCOME TAX. Thousands of keen investors in a parts of the Dominion—many in thi , district have taken up the 7 * per con j bonds issued by the New Zealand Farn ers’ Co-op. Association of Canterbury Ltd. This is a unique and splendi investment, and calls for prompt a< tion. Home interesting facts abou the issue, are given in the foliowin, editorial quoted from the “Moreau tile Gazette of New Zealand'':— J he bonds are in bearer form, am have interest coupons attached. Th rates is 7A per cent, free of ineom tax, and is payable half-yearly. Thi is the most tempting oiler that ha been made to the investors since tin price of money advanced,’ and no doub (he issue will lie readily taken up. Th< institution has made an issue of £5OO. 000, hut is only asking for £250,00( at the present stage. Provided there is ample security behind an issue ol bonds, the investment is a sound one Where the amount of the bond issue is a considerable one, and the sum total ol the company is limited, the proposal might not be sound. In the present instance there is paid-up capital, uncalled capital. and reserve fund, amounting *.o over one and a half millions, so that there seems to be ample margin. The bonds are not secured by any specific charge on the assets of the company, but are really in the form ol a ‘naked’ debenture—a now departure in company finance in this country. From the. investor's point of view, they rank in priority, in the case of a winding-up. to either ordinary or preferred capital, but they fare no better or no worse than the ordinary The Association has been established for 40 years, and has paid an average rate of dividend since its inception of So per cent, on its ordinary capital. Bead the prospectus, or apply for bonds to any branch’ of the Bank of New Zealand, any member of the Stock Exchange, or the Association’s Head Office, in Christchurch.