N.Z. FARMERS' BONDS.

New Zealand Herald, 23 May 1921, Page 3

N.Z. FARMERS' BONDS.

(Published by Arrangement.)

WHAT -IS THE SECtTRITY.? . People who are abput to purchase the N.Z. Farmers' Co-op, Asseciaipp's 7?. per Cent. Bearer BondsT are naturally ' interested to learn something about the- security supporting theissue. In the present inr stance there is paid-up capital, uncalled' capital and reserve fund amounting to over one and a-half millions. As readers know, in ordinary financial dealings twothirds of the value of N * property can 4 be. safely advanced; whilei here there, is a margin of 1| millions, for a,- bond issue of a quarter-million. Therefore, the investment may well be termed gUtTedged, The Association has been established for 40 years, and has paid an.average rateof dividend in eg itsinception of 8£ pep cent, on its ordinary capital. Moreover, the assets of the Association are , unencumbered, These facts Combined with the attractive nature oi the bonds and interest—-the bonds are hearer bonds, and the rate of interest is 7A pevcent, free of income taxi-probably account for the great succ&ps of the issue. Those who wish to take advantage of this unique investment should get the.prospep, tus and send in an application at once Write to, or tall, at, any branch of the Bank of Zealand, any member of the Stock Exchange, or the Association's Head Office m Christeburch, SPECIAL NOTE: In deference to requests made by a number of investors, the Assopi&tipn has opened a Temporary Office at the premises: of j the Farmers' n?"° P L^ TlQt^neerins Co„/Ltd., King's Champs, „ Commerce- Street, Auckland A responsible 'executive;- office? o™ Q company will, be glad to answer any inquires during the; next few:days —