AN INVESTMENT OPPORTUNITY.

Southland Times, Issue 19578, 16 June 1925, Page 6

AN INVESTMENT OPPORTUNITY.

THE N.Z. GUARANTEE CORPORATION, LIMITED. Much interest has been aroused amongst conservative investors, and the general public by the new share issue of The N.Z. Guarantee Corporation Limited, an announcement in-another column stating that half the issue has been already subscribed. The popularity of the issue is said to be due to the position now held by the Corporation as a financial institution. The amount of business done since 1923 now approaches the half-million mark, without any loss. Seventy per cent, of 'this money, it is stated, has been loaned on motor lorries. Dividends on ordinary shares have been paid, for the first eighteen months, at the rate of 8 per cent, per annum. The original shareholders who took up 100,000 ordinary shares now hold over 200,000. The directors themsel -es and manager hold no less than 33,455 shares—-facts which show their great faith in the Corporation. Shares in the new issue available for public subscription, are payable 2/- per share on application, 4/- per share on allotment (includes 2/- premium). The next call will not be made before September next, and a further 2/- three months later. It is unlikely that more than 8/- per share as above will be called up. The shares now procurable will participate in the dividend of 6 per cent, for the half-year ending August 31, 1925—making 10 per cent, for the year—that the directors fully anticipate paying, irrespective of the fact that application and allotment mohey will then have been paid up only three months.