FACTS FOR INVESTORS.

New Zealand Herald, Volume LIX, Issue 18041, 16 March 1922, Page 7

FACTS FOR INVESTORS.

(Publiahed by Arrangement.)

ADVANTAGES OFFERED BY 74 PER CENT. BONDS.

Investors who wish to place their free money to the best advantage will natura'ly consider the very material points of security and the return obtainable from the investment. Assuming these preliminaries are satisfactorily accounted for, there is yet another factor to be considered, namely, whether, all other things being equal, the investment should be made so as to be of direct help to some undertaking that is of importance to the welfare of the Dominion. All these influences are strikingly existent in connection with the Farmers' Union Trading Company's offer of £50.000 7J per cent, bonds, free of income tax. The farming community is regarded, and right'y so, as the backbone of the country. In general, dairy farmers are more investors than borrowers, but through the temporary fall in butter prices they have at present little ready money for the purchase of seed, manures, clothing and other necessities. Hence the public have this oppo'tunity, not only of investing in very profitable fecur'ties, but of helping this co-operative concern to extend its assistance to these engaged in farming; pursuits. The Farmers' Union Trading Company has already given increased assistance amounting to £38,000, but realising that much more must be done in this direction it is offering the bajance of its bond issue for subscription. The bonds are for £25. £50 and £100, and are repayab'e in three or seven years at the purchaser's option. Being bearer bonds, they can be readily transferred like bank notes. Interest of 7$ per cent., free of income tax, is payab e half-yearly, without deduction for exchaige, at any branch in the Dominion of the Bank of New Zealand, or at the company's head office, Hobson Street, Auckland.

Bondholders rank in priority to all shareholders, both preVence and ordinary, and as the subscribed capital of the company is £587 040, or more than double the fu'l iEsue of the company's Bonds, the margin is so great that these mifrht well be described as gilt-edged security. Now that interest rates are falling to the easier tone of the money ma'ket, more than like'y bonds at 7$ per cent., free of income tax, will, in the near future, be selling at a premium. Apnlirat : ons wil' be accented free of exchange at any branch o f the Bank of New Zealand, or at any of the company's 30 blanches, or may be posted direct to the Farmers' Union Trading Company, Limited, Hobson St'eet, Auckland. Prospectes giving full particulars of these bonds obtainable at any of the above addresses.