Page 6 Advertisements Column 2

Dominion, Volume 14, Issue 251, 18 July 1921, Page 6

BE SURE! “MORTGAGE” DEBENTURES. The leading business journal of the Dominion, ''The Mercantile Gazette,’ has this to say concerning the unique advantages of “mortgage” debentures, such as those issued bv the Gisborne Sheepfarmers’ Frozen Meat and Mercantile Co.. Ltd.:- , , , , "1 mortgage debenture should be secured by a trust deed giving it a definite mortgage on the real property or the company. Where specific assets nre pledged supported by sound valuations, an investor has a guarantee as to repayment of his principal. He is ' too, that the securitv cannot Ire ifledge.fi to other creditors or his margin weak- ■ ened for the benefit of ordinary trade : creditors which is the case with a bond i or ‘naked’ debenture." Investors in the 71 per cent. Mortgage I Debenture Issue of the Gisborne bhcep- ' farmers’ Frozen Meat Company are pro- ! tee ted in this manner. The £300,000 isj sue ie secured by first mortgage of P ro _' ! norties and plant conservatively valued |at £6ls.263—that is, over £2 for eiery I £1 invited from investors. I for tho Debenture-holders is the N.Z. lnI surance Co.. Ltd.. Auckland. I Read full particulars of this sound and ' profitable investment. r)ebentll ]' es r ,^ l e in sums of £5O, £lOO, £5OO. and £lOOO, currency ten years. Interest, per cent per annum, payable half-yearly, tree of debenture tax. Get prospectus from the Bank of New Zealand, or any member of the Stock Exchange, or from the Companv’s broker, Mr. W. Lissant Clayton, Gisborne, or tho Company s Office, Gisborne. . , A special representative of Ihe Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company, Ltd., will be in attendance at the Farmere Cooperative Wholesale Federation, KJI., Ltd (first floor, Farmers’ Institute Buildings), reiv therston Street, Wellington, to give full information to all inquirers relative to the mortgage debentures mentioned, above. —Advt.