Page 10 Advertisements Column 3

Dominion, Volume 15, Issue 42, 12 November 1921, Page 10

The Wairarapa Co-op. Association report as fallows on the Eketahuaa sale, held on Thursday :—To a pood attendance of buyers we offered a small yarding of sheep and a large yarding of cattle. Bidding was lifeless, except for pigs, which met with spirited competition. Quotations:—Shorn b.f. 2-tooths, 9s. 6d.: springing dairy cows, £9. £6 ss„ 46; springing heifers. .£6 55.. £5 18s.; 4-year bullocks. £3; dairy, bulls £B. £5 .os., £2; potter bulls, .£1 2s. 6d.. £l, 155., 10s.; yearling steers. 155.; wcaner, pips, £1 45., £1 is., fll Os. 6d„ 165.. 1.55., 12s-. l Os - 7s. 6d.

CAMBRIDGE DAIRY CO. ISSUE OF DEBENTURES. Tho reasons for the issue of these debentures are, the Company has erected a dried milk factory at a cost of £1115.000. Of tlds amount Jlfill.fiOO was borrowed from the Bank of New Zealand. the balance. £52.000, the Company has paid. The Company has also pledged itself to reduce its indebtedness to the bank bv .£10,500. To take the .£02,500 mit one year’s profits, the directors consider too drastic and generally undesirable; it was, therefore, decided to issue the present debentures of £24,700, carrying intei-est at 8 per cent. "When the rate of interest falls, as it already has in England -and America, these "debentures should sell at a premium. . Prospectus at all Branches of the Bank of New Zealand. —Advt.