Page 14 Advertisements Column 4

Otago Daily Times, Issue 20960, 25 February 1930, Page 14

A Debenture generally is a written acknowledgment of a debt by a company under seal agreeing to repay the principal sum for which the company admits indebtedness. The mortgage debenture hag the added advantage over ordinary debentures in that it is secured by a mortgage on the company’s assets, and in a winding up of the company the debenture-holder has priority over ordinary shareholders and unsecured creditors. ) ■ £75,000 MORTGAGE DEBENTURE STOCK This stock includes Mortgage Debentures on First-class Real Estate and other Debentures of outstanding merit, all of which have been accepted for marketing by the Organising Underwriters after most thorough consideration has been given to their reliability and value. Intending investors are assured that they all carry a wide margin of security, and are comparable with the best in their respective classes. Some of them are concerned with modern and necessary buildings situated, in the heart of New Zfealand’s main cities. They are all First Debenture issues,' I i ID OUTSTANDING REASONS FOR INVESTING 1. 2. HIGH QUALITY OF INVESTMENT. IMMEDIATELY REVENUE-PRODUCING. (Interest on Debentures must be paid whether profits are earned or not.) MARKETABILITY OF THE SECURITY. INTEREST IS FROM 7£ to 8 PER CENT. PER ANNUM. NOW AVAILABLE FOR PUBLIC SUBSCRIPTION, FULL INFORMATION. PROSPECTUSES, and FORMS OF APPLICATION for Debentures may be obtained from the Organising Underwriters3. 4. ASSOCIATED INVESTMENT UNDERWRITERS (N.Z.) LTD. Public Trust Building, DUNEDIN. OTHER BRANCHES AT—TIMARU— Beswick Street; CHRISTCHURCH-r-Glaagow Buildings, 699 Colombo Street; WELLINGTON—2I3-215 D.I.C. Buildings; MASTERTON. PALMERSTON NORTH, WANGANUI, HASTINGS. NAPIER. HAMILTON. Head Office: BRITISH CHAMBERS, HIGH STREET, AUCKLAND: ASSOCIATED INVESTMENT UNDERWRITERS (NX), LTD. Please forward without any obligation on my part full particular* of the Mortgage Debenture Issues you have for disposal. ' Name . . Add ress SPONSORING SOUND l_ :. ■_•"■_ 2/i<M INVESTMENTS. on Cork Tipped lO for 9 or Plain CATARRH (Kasai and Stomach), Z cored myself ’ completely, geed Noises, Catarrhal Deafness, Spitting Phlegm, Nose Stuffiness, io. I will gladly teU auffeYers how to overcome the Dangerous Disease, Simply, Quickly, Permanently. Enclose stamp. F. EOBINSON, sb Traaberg Boose, Valley, Brisbane, Qld. BAD DEBTS COLLECTED. Expert Service and Information Department No charge If no collection. SOUTH ISLAND TRADERS' AGENCY, LTD. 30 Moray Place, Dunedin. Must Utility, of frequent. and ri-vu.ar Advertising consists in this: There is at all times a large class of persons, both in country and town.who have no fixed places for the purchase of certain necessary-articles, and are ready to be swayed and drawn toward any particular place which is earnestly brought under their notice. Indifferent to all, they yield without hesitation to the first who asks.