SOUND FINANCE.

New Zealand Times, Volume LIII, Issue 12393, 12 March 1926, Page 7

SOUND FINANCE.

pBJHSTCHtTRCH DRAINAGE BOARD DEBENTURES. FREE OF EXCHANGE. A satisfactory financial return and total freedom from worry are two of the advantages securer! by investing in the Christchurch Drainage Board «E200,000 Loan. Interest at the attractive rate of .£5 15s per cent, per annum is paid by the Board, free of exchange at any branch of the Bank of New Zealand within the Dominion, whilst the security comprises a special rate of one farthing in the £ on the capital value of an area valued at 4116,566,100 and lid in the -8 on the capital value of an area valued at £7,167,696, comprising practically the whole of the City of Christchnrch and suburbs. It can easily be understood, therefore, why steady streams of subscriptions for this loan are flowing in from all parts of the Dominion. The terra of the Loan is for 50 years from October Ist, 1928. with the right of redemption by the Board of the whole or any portion after the expiration of 15 years. Application money will he received at the office of the Board, 198, Hereford street, Christchurch, in cash, bank draft or cheque. » A brokerage of 10s per cent, will be paid to members at recognised Stock Exchanges and also to Ban’, and Solicitors doing business in the Dominion on ■ales actually completed by them. Copies of the prospectus are obtainable from the Board direct or from any branch of the Bank of New Zealand.—, Advk