SUPREME SECURITY

New Zealand Times, Volume L, Issue 11664, 31 October 1923, Page 8

SUPREME SECURITY

CHRISTCHURCH DRAJNAG'E BOARD DEBENTURES. A "GILT-EDGED** INVESTMENT. An investment is only as good as its security, and tho bettor the security the better "the investment, ancl while the interest paid on a perfectly safe investment may be 6lightly lower than others, the dement of risk never threatens your capital. The £200,000 Debenture Issue by the Christchurch Drainage Board belongs to this class of investment, and ia "gilt-edged** in tho fullest meaning of the words. A feature of particular interest with this issue is the varying denominations of the debentures. Being in amounts of XlOo, .£SOO, and XICQO, the small invertor has the same opportunities for a "gilt-edged’* investment ns the man with largo amounts at his disposal. Th© total area rated as security for the Principal and Interest totals .£21,000,000. interest at 54 per cent, per annum is payable from tho actual date of receipt of nil accepted application money. Tt will be noted that tho Christchurch Drainage Board Debenture* Issue, ns an investment for Trust Funds, provides maximum returns with absolute safety. Application forms may ho obtained from any Sharebroker or Bank, or direct from tho Secretary of th© Drainage Bonrd, Christchurch. —Advt.