Page 16 Advertisements Column 3

Press, Volume LXI, Issue 18365, 24 April 1925, Page 16

CHRISTCHURCH DRAINAGE BOARD DEBENTURES. £50,000 AT 5| PER, CENT. Investors will welcome .tlie . opportunity of again taking up' Chr'istchurah Drainage Boftrd [Debentures. VApplicaticns are invited for debentures which will bo issued at par in nominations of £IOO, £SOO and £1000; ; Payment* of interest at the rate of Sjper tent.' is made on March 31st and September 30th of 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 "The Local Bodies Loans Act, 1913" and "The Christchurch. District Drainage Act, 1907," security, being afforded by a Special Rate of id in the £ on the- capital value of an' .Tea valued at £14,500,000 and lid in the •£ on the capital value of an area valued at £6,500,000. The period of the loan terminates in 1973, but. the Board ' retains .the right of redemption of. Ibe whole or any portion after 1938. These debentures will always be readily negotiable. Brokerage of 10s per cent, will bo naid -to Registered Sharebrokers and to Bunks doing business in the Dominion. Prompt application should be made to the Secretary of the GhrisW*iurch Drainage Board. 198 : Hereford street, Christchurch. Conies of Prospectus will lie mailed on request, or way be obtained from any. Registered Sliarebroker or Bank. —6