5½ PER .CENT. GUARANTEED.
AUCKLAND ELECTRIC-POWER BOARD'S DEBENTURES.
Those who have £100 or upwards to invest have now an excellent opportunity of making .their money earn the maximum of interest with the minimum of risk. The Auckland Electric-Power Board offers debentures, secured on their gigantic undertaking, which bear interest at . the rate of 5£ per cent, per annum. This interest is 11 per ccnt. better than is allowed for money on deposit. It means that every year for 21 years you will receive £1 15s per cent, extra for your money—an additional £36 15s in interest, for making this investment. Hundreds of applications are coming in from people who realise this advantage— neople who know that interest rates have dropped from 8 per cent, to 7 per cent', then 6£ per cent, and now 5 per cent., and they know that this opportunity of securing a safe 5J per. cent, per annum is too good to be passed by. Applications for the debentures must be made in multiples of £100, and can be lodgtd with any broncli of the Bank of New Zealand, where the full prospectus ■ can also be obtained. Make your application at once while there is yet time.—(Advt.)
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18565, 24 November 1923, Page 13
Word Count
2015½ PER .CENT. GUARANTEED. New Zealand Herald, Volume LX, Issue 18565, 24 November 1923, Page 13
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