LONG TERM MORTGAGE BUSINESS
LONG TERM MORTGAGE LOANS
ISSUE OF £400,000 RUEAL ADVANCES BONDS.
The Bank of New Zealand announces that the amount of its Long Term Mortgage Loans at 30th September, 1928 was £559,277. Some £150,000 of further loans are in course of arrangement. In connection with, the issue by the1 Treasury some months ago of £400,000 of Rural Advances Bonds, the Bank absolutely denies the statement which is in circulation, that it issued a circular to its managers- reading: —
'' The manager must not solicit application for these bonds as the Bank is desirous of building up its own fixed deposits, and I do not wish application form© or prospectuses displayed in the office. P.S. Posters maybe exhibited in the bank chamber." On the other hand, the instruction issued was as follows:—
'' Branches will please bring the is-
sue under the notice of any person who may be seeking an investment. The bonds would give a Government secured investment with a return (including redemption) of $5 9s Id per cent. It is to the interest of the Bank that the loan should be successfully placed. '■
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HN19281025.2.40
Bibliographic details
Ngā taipitopito pukapuka
Hutt News, Volume 1, Issue 22, 25 October 1928, Page 7
Word count
Tapeke kupu
186LONG TERM MORTGAGE BUSINESS Hutt News, Volume 1, Issue 22, 25 October 1928, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Hutt News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in