Page 9 Advertisements Column 5

New Zealand Herald, Volume LXV, Issue 20112, 24 November 1928, Page 9

DEBENTURES A Gilt-Edged Investment We consider this Investment one of the BEST Securities that has been submitted by our Corporation to the Public. i It comprises a FIRST Mortgage over valuable Auckland City Property equal to the amount of the Issue. It is further secured over Plant, Machinery, Stocks, etc;, valued at more than the total amount of the Issue. The cover of assets against the Debenture Issue is equal to £2/5/- FOR EVERY £l, and, in addition, it is fully guaranteed by a strong New Zealand Company with a paid-up Capital of £IOO,OOO, and whose net assets are far above the amount of their Capital. PARTICULARS. The Issue is for £20,000 in Debentures of One Hundred Pounds each. The Period of the Debenture is 15 years, with the right for the Company to repay at any time after the expiry of 10 years from the date of Issue, upon giving three months' notice or paying three months' interest by way of Bonus. The rate of interest is 7-£% per annum, payable half-yearly. Full Prospectus and all information may be obtained from THE NEW ZEALAND UNDERWRITING AND DEVELOPMENT . I CORPORATION, LTD., ' Premier Building, Durham Street, Auckland; or I National Bank Chambers, Wellington. I I (Coupon.) ' | Please send me prospectus of the 7}p.c. first mortgage Debenture. | Name • I Address . I