Page 8 Advertisements Column 1

Otago Daily Times, Issue 18990, 11 October 1923, Page 8

favoured by debenture tax. CHRISTCHURCH DRAINAGE BOARD DEBENTURES. DENOMINATIONS FOR ALL INVESTORS. Investors in the present Debenture Issue bv the Christchurch Drainage Board will be favoured by the “Debenture Tax,” which operates as follows: (a) (h) (c; Where interest from the Christchurch Drainage Board’s Debentures forms part, of an income which is not taxable under the “Income Tax,” no Tax at all is paid. Where the interest from the Christchurch Drainage Board's Debentures forms part of an income on which the “Income Tax” represents a lower rate than the “Debenture Tax,” ordinary Income Tax only_is pu|d. Where the Interest from the Christchurch Drainage Board’s Debentures forms part of an income on which the “Income ’Pax” is at a higher rate than the “Debenture Tax,” the Dohcnturo Tax alonejs paid. Usually “gilt-edge” investments like these debentures arc of such largo denominations as to be beyond the reach of the average Investor. This Issue differs in that it'gives everybody an opportunity of making an investment that is 100 per cent, safe and, while large institutions will take up large amounts, smaller investors can, by acting promptly, secure a portion of 'these 5i per cent. Debentures which are being issued in Denominations of £IOO. £SOO, and £IOOO. No other form of investment for personal savings or Trust Funds is safer, and applications should be made without delay. Application Forms and Prospectuses mav he obtained from any Sharebroker. Solicitor, or Bank, or direct from the Secretary of the Drainage Board, Christchurch.—Advt.

The inscription on a Hampstead tombstone is chiselled in shorthand.