Page 6 Advertisements Column 3

New Zealand Times, Volume XLVII, Issue 10961, 25 July 1921, Page 6

7£% INTEREST FREE OF TAX That there is no better investment in New Zealand to-day is proved by the fact that <£117,000 was subscribed in the first two weeks for Macky, Logan, Caldwell, Ltd., 7J per cent, debentures. The Debenture Tax of 3s in the £, levied by the Government, is paid by the company. so that the investment returns the full 74 per cent, to all investors. It is a significent fact that the average subscription received de approximately ,£250, ] proving that the issue is popular with the small investor seeking to make his savings earn more. The Debentures are im sums of £SO, repayable in 5 years. Security amounting to trebly secures the issue of £250,000. Interest is payable half-yearly,, coupons for this purpose being attached to the debentures. Coupons will be cashed free of ext-JuuSo and income tax at any branch of the Sank of New Zealand. The debentures. being bearer securities, can be sold or exchanged at any time. Lists will be closing shortly. Get a prospectus to-day; from any Branch of the Bank of New Zealand, any of the Company's warehouses, or any member of the Btock Exchange.—Advt. •NIFF UP.QARQL.EorBWAU.OVU