Page 10 Advertisements Column 1

Press, Volume LVII, Issue 17126, 22 April 1921, Page 10

Gilt-Edged 7|°/ 0 Investment Free of Income Tax ONDS £SO £IOO Repayable in Five or Ten Years The New Zealand Farmers' Co-operative Association of Canterbury Limited Money For y the Farmers 9 Benefit Prodigious Success of "The Co-op. The Purpose of the present issue of Seven-and-a-half per Cent. Bonds is to render a greater measure of assistance to many Farmers of this Dominion who are affected by the present financial stringency. Qbviously, it is not advisable to call up new capital from the shareholders, as many of them are numbered amongst those who require temporary relief. , Therefore the Directors have decided to approach the "general public with an attractive investment in the present form, and they confidently anticipate that the whole issue will be quickly taken up in view of the national importance of its aim. The Bonds are offered in three denominations--£25, £SO and £loo—for (which applications are invited for £250,000. They are-payable in five or ten years—from Ist May, 1921 at purchaser's option, as declared at time of application. They are Bearer Bonds with Interest Coupons attached, which may be cashed at the Bank of New Zealand, or any office of this Association on due dates, free of Exchange. The fact that they will be readily transferable, without cost, like Banknotes, is a point of special importance; The Bonds are payable in full on application, or one-half on application, and balance spread over three months. j Interest at the rate of 7 $ per centum per annum will be in each year.';.' Interest on the Bond? will be paid Free of Income Tax* The prosperity of the Farmers of the Dominion has always been the guiding principle of the Directors of The New Zealand Farmers' Co-operative Association of Canterbury, Limited. O During tne 39 years of its existence this policy has proved remarkably successful. The Association has paid an average annual dividend of 8% per cent, interest on its ordinary capital, and its annual volume of business done has reached the stupendous total of £5,501,349, and the number of shareholders has grown to almost 12,000. Messrs. Newburgh, Best and Co., the well-known Public Accountants of Christchurch certify that the Security supporting the Issue, as at 31st March last, (amounted to over One-and-a-Half made up as follows: — Share Capital Paid up ... ... £877,512 Share Capital Subscribed but Uncalled 424,783 Reserve Fund and Undivided Profits (used in the business) ... ..i 2Q9.423 £1,511,718 In addition to the above the increment in the Association's property values amounts to £123,644 in excess of valuations shown in the Books. •,';.''' The past success of the ' Association—through good times and slump times—is a criterion of the great possibjlitieS .. i , , • 1..; ' ._ I 1' J cultivation, -greater development of waterpbwer and of our forests and mines—all this growth is bound to come, bringing with it more national prosperity,and more profit for this Association. * National Prosperity Depends upon the Farmer I How to Apply for Bonds. Applications for the Bonds will be received at the various Branches of The Bank of New Zealand, or at the Association's Head Office, or at any of its Branch Offices; or by any member of the Stock Exchange Association of New Zealand. They will, be dealt with in order of receipt. If oversubscribed, the Directors reserve the right to make pro-rata Allotments. Read full particulars in the Prospectus, which can be obtained at any of the above addresses. Get your copy Now I APPLICATION FOR BONDS Vhe 'Directors* ' N;Z. Farmers Co-operative Association of Canterbury Limited, ,■! . . v CHRISTCHURCH. / ' .''•'' Kindly allot ™ ..........1 -Bonds of £.....:..........:.~.. : .....each, having a currency 0 i „..„.„.....!.. ~ .- year si in terms of Prospectus dated Nth April, 1921. cheque for £— - ■ • "---in settlement. ' agree to pay the balance monthly in three instalments of £ .._.. .................. —^- eacn ' Full Name . —•»—• ••■•••••—• ;1 ~. > Occupation v - ■*•»•• --■•• ................. Address .". - ■• - . .. Usual Signature .•■» -v- «■ •