Page 14 Advertisements Column 5

Otago Daily Times, Issue 23886, 14 August 1939, Page 14

KlffrV£l!l!l!£ The Hawke's Bay Electric Power Board, Hastings, New Zealand, invites applications for the above loan: ; OBJECTS OF IiOAN: To provide funds for Increasing the capacity of.Brtae&t' main feeder lines, and for extensions to existing reticulation. AMOUNT OF LOAN: £04,000. TERM OF LOAN: Ten years to 31st July, 1049. INTEREST: 4i per cent, payable half-yearly on the 31st January flnd 31« t .inly. Pro rata payment from the date subscription Is made to nexi inurest due date. Interest will be paid by coupon, free of inland exchange, at any Branch of the Bank of New Zealand in New Zealand. TERMS OF ISSUE: (a) Applications must be for a minimum amount, ot £IOO and may be for any multiple of £IOO above that amount payable in full on application and free of inland exchange in New Zealand, lb) The securities will take the form of debentures. TRUSTEE INVESTMENT: "The Electric Power Board Act, 1025," Rivet power to invest Trust Funds in the Board's loans. ' ■'_■■"■■ SINKING FUND: A Sinking Fund of Si per cent, per annum will be established. ... SECURITY! £50,000 of the loan is secured on a special rate of Thirteen One-hundredths (13-lOOthsj of a penny in the £ on all raleahle property (on the basis of the unimproved value) of that part of the Board's district comprising the County of Hawke's Bay, the Borough of Hastings and the Town Districts of Taradale and Havelock North. (Rateable value, £8,150,000). The remaining £44,000 of the loan is secured on a special rate of Sixteen Thirty-firsts (10-31sts) of a penny in the £ on the rateable value (on the basis of the capital value) of aU rateable property in the County of Hawke's Bay and the Town District of Taradale. (Rateable value. £11,115,100 ) The interest and sinking fund will be paid out of the Board's ordinary revenues and the investment may be justly classed as "gilt edged." ,' The financial position of the Board is very sound, and the profit after payment of interest and Sinking Fund, and the investment ot a Depreciation Fund with the Public Trustee, is given below:— •*. Tear ended. 31st March, 1039 „ „ 1037 103 S 1030 Revenue. £ j. 8.V55 87.220 911.104 112.028 Repayment ot Debentures St Sink in? Fund* Profit after Payment of Interest, Sinking Fund 4c Depreciation. £ 8,302 . : . 7,804 . 11,330 ....: 10,117 BROKERAGE: On applications bcwlnsr the stamp of any Bank, of a member of the Stock Exchange, Solicitors, or financlallnstUution, brokerage at the rate of J per cent, will be paid. PROSPECTUSES nnfl APPLICATION forms may be secured from. the Sec-retary-Manager, Hawke'a Bay Electric Power Board, Box 555,'' Hastings, any Branch of the Bank of. New Zealand in New Zealand, or any Sharebroker. THE SECRETARY-MANAGER, , Hawke's Buy Electric. Power Board, • Box 655, Hastings, New Zealand. J Plense send me Prospectus and | Application Forms for the.H per | cent. Debenture Issup of the. Hawke's ,*| Bay Electric Power Board. Hastings. . Name | Full address ". TWO ESSENTIALS! Exeeirt No man can afford to be indifferent about the management of his estate. It is a duty he owes to himself and those nearest and dearest, to safeguard it during his lifetime and to arrange for efficient administration after his death. Clearly, then, it must be recognised that it |s the duty of every, man . possessing an estate (however small) to \ win a Will. But.the making of a Will is but the building of a the first step towards a desired 7 end. '../ '■■■■ ■■ The discriminating individual,. realising the multiplicity of duties of an executor, appoints The "Trustees Executors L and Agehcy Co. of N.Z.. $W - t private trustee. "' ■'■ *\*lj t-JdH Call and discuss thg matter with ua. ESTABLISHED 188 1 feTEES%ECUTORS &h& Agency Co., of N.Z. Ltd. Head Office: Corner Bond and Water - -. Dunedin. BRANCHES OR AGENCIES IN ALL PRINCIPAL DISTRICTS AW sa€ked in % Qualities

its greater " spreadaDility " not only makes "Huia" the economical butter, but proves Its creamy superior quality.—l 737;