HARBOUR, BOARD

Dominion, Volume 13, Issue 266, 4 August 1920, Page 3

HARBOUR, BOARD

A NEW DEBENTURE TSSUE.' The Wellington Harbour Board is about to issue debentures for at 5J per cent., an<l invites tenders for name in the form of 1500 .£IOO debentures, According to the prospectus, ,tho'do.bcnr tu'res will bear interest at tlicrato of. .C 5 10s. per centum per annunf, from the data of receipt of the tendor, payable by coupons half-yearly'on Fobruary 28 and August 28 jn.ei:ch year. Interest' is payab'.o and principal repayable free of 'exchange nil tho National Bank of New Zealand, .Limited,''' Wellington,' or any of its branches throughout the Dominion, fractional interest nt the rate of 51 per cent, per annum will bo paid from date of receipt of the •fender by the board to tho next half-yearly 'interest date. All debentures of this ipsiio will mature on Febninrv 23, 1940. The debenture* will bo issued at par. Tenderers of- the highest premium will have preference, and to tenderers at par (.£100), debentures will bo allotM proportionately to the numbers apiilied for. No tender below par—i.e., for lias than .£loo—will bo-considered.