Page 6 Advertisements Column 4

Taranaki Daily News, 14 June 1921, Page 6

£,oo IN NOTES. HOARDED MONEY COMES TO LIGHT “Every man his own banker,” is still the rule with some people. The other day a man entered the Farmers Union Trading Co.’s head office, Hobson Street, Auckland, and said he wanted to buy £7OO worth of bonds. When asked It he would pay by cheque he dumped on the table £7OO in small notes, which had obviously been brought out from some secret hiding-place. But he was not the only one who had been hoarding his money, instead of banking it, for another applicant paid for £650 worth of bonds by taking from a handbag one £5O note, £2O worth of 10s notes, and the ba.ance in £1 and £5 notes. These notes, which were made up in tight rolls, had not been handled for a long time. Evidently the attraction of/7i per cent interest, free of income tax) this being the rate offered by the Farmers’ Union Trading Co.’s Bonds, is bringing, back into useful channels a great deal of idle money. The security of over half a million pounds protecting these bonds is another reason for the growing demand for these bonds. Certainly no better investment has ever been made available to the New Zealand public, and it is not surprising that investors as far South as Dunedin have been sending applications, and that already over £50,000 has been subscribed. Being bearer bonds, they have this advantage over a mortgage —they can be easily transferred. The interest is payable half-yearly, free of exchange, at any branch of the Bank of New Zealand, or at any of the Farmers’ Union Trading Co.’s thirty-one branches. The bonds themselves’are repayable in four or eight years, the purchaser having the right to state on the application form which period he prefers. One may apply for a single £25 bond, or £20,000 worth. Applications can be handed in at any branch of the Bank of New Zealand, or sent direct to the Farmers’ Union Trading Company, Auckland. Prospectus, giving full particulars of these bonds, can be obtained from either tfte Bank of New Zealand or the secretary of the Farmers’ Union i rading Co.

The burning quesion of the day! What will butter-fat be worth next season, and where can I get the best results? end a line to the Wanganui Fresh Food Company, and see what they have to say. It will pay you. Representative, L. R. Davis. Box 25, Stratford. Local manager, Mr. E. W. Grant, Sirettj