Page 7 Advertisements Column 5

New Zealand Herald, Volume LXVI, Issue 20254, 14 May 1929, Page 7

SUCCESSFUL FINANCIAL CORPORATION. ISSUE OF 100,000 PREFERENCE SHARES AT 8 PER CENT. The class of business conducted by the Reliance Loan, Mortgage and Discount Corporation, Limited, i 3 -amongst the safest and most profitable in lli-j commercial world and ranks with banking and insurance. Investors, therefore, will weleomo the issue ot iOO.OOO, S pcfr cent.. Cumulative Preterenco Shares by this Corporation. Preference Shares showing 3 per cent, m similar concerns aro quoted on the Aew /.ealand Stock Ex-.hange to-day at substantial premiums, £1 shares selling readily at 2 to 275. The Reliance is the only corporation in the Dominion operating on evu.v class of security. , ~ The enormously stron;; Position of the cor poration is indicated in the <v-irt from an independent auditois lepois menared by Messrs. Morris. Duncan and Gyllies and Messrs. Gilfillan and Crentles. two of the leading Auckland firms of public accountants:—"The profit on its present capital, after making all due allowances, is sufficient to pay an S per cent, dividend on the proposed issue of 100,000 preference shares paid up to 10s. per share without such new capital earning- any inferest. Early application should be made, M it is anticipated that the shares will be ouicklv subscribed Copies o the proßpectus mny be obtained from any branch of the National Basik of New Zealand, from the corporation a broker. Mr. Campbell Paterson, 28, Shortland Street. P. 0., Bos 1200. or from am? registered sharcbrorier, —(AuvU)