NO INCOME TAX.

New Zealand Herald, Volume LIX, Issue 18046, 22 March 1922, Page 9

NO INCOME TAX.

ATTRACTIVE OFFER TO INVESTORS One of the many advantages offered to investors by the Farmers' Dnion Trading Company's ?4 per cent, bonds is that the income tax of 3s in thes£, to which all bonds and debentures are subject, will be paid by the company direct to the Government. The company has also arranged to pay exchange in Auckland on all applications for bonds, also on the cashing of the interest coupons every six months, and on the repayment of the bonds in three or seven years. As the company will pay both the income tax and the exchange, everyone who invests in these bonds will receive per cent, net, which is equivalent to 8$ per cent., subject to income tax. The bonds are in three denominations -£25, £50, and £100-and are repay-' able in tbree or seven years at purchaser's option. The amount may be paid in full with the application, or half may be paid at once, and the balance in three monthii, ' Bondholders rank in priority lo all shareholders, both preference and ordinary, and as the subscribed capital of the company is £587,040, or more than double the full issue of the company's bonds, the margin is so great that these might well be described as gilt-edged security. . That investors appreciate the advantages offered by these bonds jb proved by the manv applications being received daily. As this may be the last opportunity investors may have of securing li, n'er cent, bonds, free of income tax, applications should be immediately handed in at the nearest branch of the Bank of New Zealand, or posted direct to the Farmers' Union Trading Company, Auckland. Prospectus giving fulll particulars of these bonds is obtainable at the above addresses.