AN INVESTMENT.
CHRISTCHURCH DRAINAGE BOARD DEBENTURES. FREE OF EXCHANGE. Wliv not invest in Christchurch Drainage Board Debentures? You can secure them in denominations of £IOO, £SOO or £IOOO, on which interest, is paid Jit the rate of 5f per. cent, per annum, free of exchange, at any branch of the Bank of New Zealand within ‘the Dominion. ‘ . Y The term of the Debentures is 'for
fifty years, from October 1, 1923, with the right of redemption by the Board of the. whole or any portion after the expiration of fifteen years. . . •-r The security is of the soundest, be- • ing covered by a, special rate of one farthing in the £ on the capital value of an area valued at £15,506.100, and Ud in the £ on the capital value of an . area valued at £7,107,696, this area comprising practically the whole of the eity of Christchurch and a large portion of the suburbs. Application money will he recurved at the office of the Board, 19S Hereford Street, Christchurch, in cash or bv hank draft , or cheque, and ex-. „ ’change will he paid by the Board on * all accepted application money. Copies of the Board’s Prospectus are obtainable free on application to-the Board or from.any branch, of the Bann of New Zealand. ... • 1
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Bibliographic details
Hawera Star, Volume XLV, 6 February 1926, Page 5
Word Count
211AN INVESTMENT. Hawera Star, Volume XLV, 6 February 1926, Page 5
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