Page 8 Advertisements Column 4

Otago Daily Times, Issue 22368, 15 September 1934, Page 8

PAPATOETOE TOWN BOARD CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Papatoetoe Town Board Loans Conversion Order, 1 934, of debentures or other securities issued in respect of the following Loans:— ’ Notice i.«j Hereby. Given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Papatoetoe Town Board intends to convert all such debentures or other securities (except respec of which dissent is duly signified) into new debentures having new maturity dates and bearing interest at 41 per ee per annum, ' The Conversion will take effect from the Ist day of October, 1934. Application for conversion must be made In writing and be accompanied by the securities to which it relates. Dissent from the conversion of any existing debentures or other securities may be signified by the holder by notice in writing delivered to the Town Clerk, Papatoetoe, on or before the 15th day of October, 1934. If notice of dis'sent from the conversion of any debentures or other securities is not received by that date the securities will be converted. The rate of interest on any debentures or other securities in respect of which dissent is signified as aforesaid win, by virtue of Section 18 of the above-mentioned Act, be reduced to two-thirds of the original, rate as from the Ist day of October, 1934. ■ ; Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, Papatoetoe, or any Branch of the Bank of New Zealand in the Dominion. . ■ Dated the 14th day of September, 1934. W. J. NICHOLSON, Chairman. +» ■»» «♦» 4» »» \ ' ■ Basic Investment Canons Rigidly Adhered To! ** The Investment Trust Investigation Commission has drawn attention to a vitally important factor in the capitalisation of ‘ THE NEW ZEALAND INVESTMENT TRUST LTD. It is pointed out that leaders of the greatest financial institutions in Great Britain set it down jw a basic principle that at no time should the Debenture Capital of an Investment Trust exceed the Ordinary and Preference Share Stock. This basic canon has been rigidly adhered to in the constitution of the New Zealand Investment Trust, ONLY British type Investment Trust in cither New Zealand or Australia. This fact was duly acknowledged and endorsed by the Investigation Commission. . The Debentures of the New Zealand Investment Trust Ltd. return £4/15/7 per cent. * on the investment, and are secured by a Trust Deed which operates as a first floating charge Over all the assets of the Company. Every bona-fide investor is cordially invited to make the fullest investigation. Call or write laiKiiiiyMCcrcunoN ,LTD. Alliance Building, 20 Crawford Street.

Trusteeship is onerous fp those who do not possess the necessary training and specialized knowledge, or who ate fully occupied in the management of their own affairs.. ; Trustees, so burdened may obtain relief by the transfer of th« trusts to the Public Trust Office, which is specially / equipped for the performance of such duties. A continuing association with the trust .may be provided for through the appointment of the retiring trustees as advisory trustees. , * CONSULT THE PUBLIC TRUSTEE OH HIS LOCAL REPRESENTATIVE. ; ■ 3P

Is it fair to burden a friend or a relative with the Administration of your affairs ? 1 Will he have time to give the close personal attention required-—will he perhaps be ill or out of the Dominion when his services arc most needed? Appoint THE PERPETUAL TRUSTEES CO., LTD. to be your Executor and Trustee, and thereby obtain the benefits of the Expert Continuous Administration, the Accessibility, and the Security offered by the Company. OFFICES: DUNEDIN, CHRISTCHURCH, TIMARU. OAMARU, INVERCARGILL. ALFRED IBBOTSON, General Manager.