GILT-EDGED OPPORTUNITY

Northern Advocate, 13 June 1931, Page 13

GILT-EDGED OPPORTUNITY

, CHRISTCHURCH DRAINAGE BOARD REDEMPTION LOAN. In these days of financial uncertainty investors seeking a sure return on, a gilt-edged security , will welcome the opportunity offered by the Christchurch Drainage Board Redemption Loan of £90,000.

Though the interest on this loan does not commence until June 30th, already close on half of it has been taken up. Interest at the rate, of £5 10/ per cent, per annum will be paid, the Board paying exchange on all accepted application money, and principal and interest being payable free of exchange at any branch of the Bank of New Zealand within the Dominion,

The debentures will be issued in the denomination of £IOO and application money will be received at the office of the Board, 198 Hereford Street, Christchurch, in cash, bank draft, or marked cheque. The date of maturity of the loan ia June 30th, '1946, and'the Debentures are classed as a trustee investment, The principal and intereat are secured by a special rate of id in the £ on the capital value of an area known as the Sewerage area, valued at £20,164,060.

Application forms can be secured from either the Board direct or from any branch of the Bank of J'tew Zealand, or any sharebroker, A brokerage of £1 per cent, will be paid to sharebanks and solicitors doing business in the Dominion on sales actually completed-by them; 326