8 PER CENT WITH SAFETY.

Hokitika Guardian, 20 July 1921, Page 2

8 PER CENT WITH SAFETY.

GAS COMPANY DEBENTURES. Hemarka©e public interest lias been evinced by the 8 per cent, Mortgage Debenture Issue of the Wellington Gas Company Ltd. The investment is a , very sound one, for the concrete assets | of the Company are double the value of the loan now offered for public subscription. The Debentures are m con-

venient sums (£SO and multiples thereof), the currency ten years, and inteiest at the rate of 8 per cent, per annum will he payable half-yearly free of exchange. The purpose of the issue of the present 8 per cent. Mortgage Debenture Stock is to provide money for extension of plajit at the Gas Works and Manufactories at Miramar, the construction of additional workshops, the extension of mains and services generally and particularly to provide gas for adjoining suburbs that do not yet possess this convenience. . The .rrowth of the Wellington Gas Company has been steady and consistent. In 1869 the Company was incorporated with a share capital of £lO,00!). At the present time the authorised capital stands at 16550,000. Tn 1880 the sale of gas was 3/,000, 000 cubic feet; last year it reached 466,000000 cubic feet. The consumption of „ ns has increased seven-fold since the introduction of electricity into "Wel-

lington. . Q Here is a rare opportunity to get 8 ver cent, with safety. Act to-day. Apply for Prospectus or Debentures from the Bank of New Zealand, members of the Stock Exchange, or the Wellington Gas Co., Ltd., Wellington.