Finest Investment Ever Offered in N.Z.

Hokitika Guardian, 30 June 1921, Page 2

Finest Investment Ever Offered in N.Z.

MORTGAGE DEBENTURES. I This statement was made by a wellI known financial man after a study of I the prospectus of the issue of per I lent Mortgage Debentures issued by the I Gisborne Sheepfarmers’ Frozen Meat I Co., Ltd. I Not only is the interest high, but the currency of the debentures is ten years I and the security is such as to satisfy I the most timid investor. The £300,000 I issue is secured by first mortgage of properties and "plant conservatively valued at £615,263. The trustee for the debenture-holders is the N.Z. Insurance Cp., Ltd., Auckland. Interest is payable free of Debenture Tax. ■ The Gisborne Sheepfarmers’ Frozen Mi at and Mercantile Co., Ltd., is the pioneer farmers’ company in Poverty Bay, having been established 19 years ago. Its si.’ - ifed capital is £637,136, and paid-up capital, £395,751 10s. The shareholders number 1600. It has three up-to-date freezing works, at Gisborne, Tokomaru Bay, and Hick’s Bay, also numerous stores and ware- | Ironses. The full story is told in the prospectus, which every reader should obtain. Enquire of:—The Bank of New Zealand or any member of the Stock Ex- . change, or from the Company’s broker, , Mr W. Lissant Clayton, Gisborne, or tlic Company’s Office, Gisborne. ]