AN OPPORTUNITY FOR INVESTORS.

NZ Truth, 7 February 1925, Page 7

AN OPPORTUNITY FOR INVESTORS.

.-. +. Ashburton Electric-Power Board £100,000 -Loan. Acting under powers conferred on itby Parliament, the Ashburton ElectricPower Board is ... inviting applications for ten hundred £100, debentures, bearing interest at 5% per cent. The above is part of a loan of £296,500, debentures for £157,300 having already been taken up. ■> The money is required to carry on the work of supplying electricity for cVbmestic and commercial purposes m the board's district, claimed to be one of the richest agricultural districts m New Zealand. The prospectus which is set out elsewhere m this issue, states that the board will erect its lines only m localities where the consequent revenue will render the work self-supporting. The debentures, which are An authorised investment for trust funds, are secured on a special rate of"11---20ths of a penny m the pound (£), on rateable value approximating £1i,500,---000. As the issue is only a small one, investors should make early application if they wish to participate. Applications should be addressed to the Manager, Bank of New. Zealand, to any branch of the bank m the Dominion. The principal will be repayable on the eleventh day of December, 1934, at the Bank of New Zealand m Ashburton. Copies of prospectus and forms of application may be obtained from the secretary, or at the Bank of New Zealand at any of its branches iri New Zealand, or from any sharebroker. Any further information will be supplied on application to the Secretary, Ashburton Electric-Power Board, Ashburton.*