SOUND FINANCE.

Hawke's Bay Tribune, Volume XVI, Issue 88, 30 March 1926, Page 5

SOUND FINANCE.

CHRISTCHURCH DRAINAGE BOARD DEBENTURES. FREE OF EXCHANGE. A satisfactory financial return and total freedom from worry are two of the advantages secured by investing in the Christchurch Drainage Board £200,000 loan. Interest at the attractive rate of £5 15s per cent per annum, is paid by the Board, free of Exchange at any branch of the Bank of New Zealand within the Dominion, whilst the security comprises a special rate of one farthing in the £ on the capital value of an area valued at £16,566,100 and lAd in the £ on the capital value of an area valued at £7,167,696, comprising practically the whole of the city of Christchurch and suburbs. It can easily bt understood, therefore, why steady streams of subscriptions for this loan are flowing in from all parts of the Dominion. The term of the loan is for 50 years from October Ist, 1923, with tho right of redemption by the Board of the whole or any portion after the expiration of 15 years. Application money will bp received at the office of the Board, 198 Hereford street, Christchurch, in Cash, Banft Draft, or Cheque. A Brokerage of 10/- per cent will be paid to members of recognised Stock Exchanges and also to Banks and Solicitors doing business in the Dominion on sales actually completed by them. Copies of the Prospectus arc obtainable from the Board direct or from any branch of the Bank of New Zealand.* never came to them it it could give nothing in return to take the place oi their old beliefs in the spirits oi nature. CRESCENT OR CROSS. The advent of trade knocked the bottom out of their established usages and leit them, like drowning men, grasping at a straw, in which condition they reaches out for Islamism. The missionaries taught thorn religious principles, reading and writing and simple industries lor the sake of C hristianising them and to prepare them tor progress. They also extended them medical treatment, from 8,(MIO to 10,000 natives being put through their hands every year. They suffered enormously irom all kinds of diseases, not only those known in New Zealand, but all kinds of tropical disorders and the missionary stations were the only places they could get medical remedies to restore health. In spite of the largo practice to be had there was no inducement lor a medical practitioner to establish himself there, because, out of the 9.000 treated by the mission m a year, the revenue was 17/6. (Laughter). He concluded by asking his hearers to keep their eyes on the newspapers and to watch the progress of this great country with sympathy in their hearts and an interest in its development. (Loud applause). On the motion of .Mr. AV. C. Whitlock « hearts vote oT thanks was accorded the lecturer.