Page 7 Advertisements Column 1

Otago Daily Times, Issue 18353, 17 September 1921, Page 7

CIVIC UNDERTAKINGS AND BORROWED MONEY. FOOD FOR THOUGHT. One frequently hears the remark that “the City Council own the Trams, the Electric Lighting, and other public utility services." The remark is not, always strictly in acordancq with fact. The real owners of these services are, of course, the people who advance the money which is spent upon the various undertakings. In a general way, it frequently happens that these “real owners" are absentee investors, who draw the heavy interest chargee for the use of their capital. The ideal state, of course, would be to possess these Public Services free of debt, and therefore _ free of interest charges. That, however, is not possible, and therefore the next beet thing is that the Citfeena themselves _ should ho the Investors and draw the interest which is earned by the several undertakings. The Citizens of Dunedin are just' now afforded the ohanoo to Invest their Savings in their own Civic Ventures, and thereby keep the interest charges on their loans for us amongst themselves. During the past few weeks about £167,000 has been received at the Town Hall for investment at 5 per cent, for 10 years, from which fact it is evident’ that the outstanding merits of ( the investment are fully appreciated. \ ‘ The City Council still require a largo sum of money to meet obligations for March next, and you may invest in sums of £SO or any multiple at 6 per cent, for’ 10 years. The interest is good; the security is perfect. These two facts, added to the conviction that in helping yourself you are helping your own City, should be the last word in a discussion regarding a choice of investment just now. Inquiry at the Town Hall, Dunedin, will bring yon any further information you may require.— Advt.

That tickling, irritating cough can bo promptly relieved bv a few drops of “ NAZOL ” taken on .amp sugar. 60 doses Is 6d.—Advt.

PROPERTIES FOR SALE AND TC LET. Telephone 780. Telephone 780. ftIKVWRTGHT. HAGGITT, «fc C°- (i/HJ-i. REGISTERED LAND AGENTS, SHAREBROKERS, ETC,, EMPIRE, BUILDINGS, PRINCES STREET. DUNEDIN. TJL ACRES FREEHOLD (overlooking Mosgiel); 4-roomed House, outbuildings, cow. Jl<L horse, cart, harness, most of the furniture, 34 fowls, etc. £350, going concern. BILLIARD SALOON, 6 tables, balls and cues, etc., complete; long Lease; good living £9OO. Easy terms. Or would Lease as a Going Concern. £IOO goodwill. (22) r i ACRES FREEHOLD (Caversham); 1 mile tram; splendid site; make excellent Ut poultry farm. £665. If buildings erected at once deposit £SO, balance 5 years, at 6g per cent. M ACRES FREEHOLD (Alexandra South); neat 4-roomed verandah Cottage; 200 fruit trees of all varitics in full bearing. Price £560, or exchange for House in or about Dunedin. CRIBS. -jsjow is the time to get a house for the holidays. Wo can offer you cribs at Brighton, Warrington, Macandre w’s Bay, Portobollo, and other seaside resorts. f-ACRE FREEHOLD (Anderson’s Bay); nice 4-roomed House and fowlhouses; macrocarpa hedges all round. Only £750. HOTEL AND FARM; 220 acres freehold; good land; 220 sheen, 9 cattle, 5 horses, full set of implements. Price as a going concern (except liquor in bar), £2OOO. £IOOO cash. O'! SAA (St. Clair, slightly oU Rise); Superior 7-roomed Villa, kitchenette, wardsbJLOUxr robes and cupboards, return verandah; French windows to verandah; electric and gas, tiled hearth and surroundings, linen press, concrete box; i-acre choice garden; extensive panoramic view. For Quick Sale cards to view from our office oal*.