Page 11 Advertisements Column 2

Timaru Herald, Volume XCVIII, 27 April 1925, Page 11

CHRISTCHURCH DRAINAGE BOARD DEBENTURES. £50,000 AT 5* PER CENT. Investors will welcome the opportunity of again taking up Christchurch Drainage Board debcntui’es. Applications are invited for debentures, which will be issued at par in nominations of £100; £SOO, and £IOOO. Payment of interest at the rate of 5£ per cent, is mode on the 31st March pnd 30th September each year. Interest is paid in full without deduction of any description, and is calculated from the date of receipt of application money. This loan is issued under the authority of tho Local Bodies Loans Act, 1913, and the Christchurch District Drainage Act, 1907, security being offered by a special rate of |d in the £l on tho capital value of an grea valued at £0,500,000. Tho period of tho loan terminates in 1973, hut tho Board retains the right of redemption of the whole, or any portion, after 1938. These debentures will always be readily negotiable. Brokerage of 10s per cent, will be paid to> registouwl sharebrokers, and to banks doing business in the Dominion. Prompt application should bo made to the secretary of tho Christchurch. Drainage Bourn, 198 Hereford Street, Christchurch, Copies of prospectus will be mailed on request, or may be obtained from any registered sharebroker or bank,