FINEST INVESTMENT EVER OFFERED IN NEW ZEALAND

Manawatu Herald, Volume XLIII, Issue 2296, 30 June 1921, Page 2

FINEST INVESTMENT EVER OFFERED IN NEW ZEALAND

MORTGAGE DEBENTURES,

This statement was made by a well-known financial man after a study of the prospectus of the issue of 7A per cent. Mortgage Debentures issued by the Gisborne Sheepfarmers’ Frozen Meat Co., Ltd. Not only is the interest high, but the currency of the debentures is ten years, and the security is such as to satisfy the .most timid investor. The £300,000 issue is secured by first mortgage of properties and plant ‘conservatively valued at £615,263, The tnistee for the de-benture-holders is the N.Z. Insurance Co., Ltd., Auckland. Interest is payable free of Debenture Tax.

The Gisborne Sheepfamers’ Frozen Meat and Mercantile Co., Ltd., is the pioneer farmers’ company in Poverty Bay, having been established 19 years ago. Its subscribed capital is £637,137, and paid-up capital £395,751 10s. The shareholders number 1,600. It has three up-to-date freezing works, at Gisborne, Tokomarii Bay, and Hick’s Bay, also numerous stores and warehouses. The full story is told in the prospectus, which every reader slipuld obtain. Enquire of : —The Bank of New Zealand, or any member of the Stock Exchange, or from the Company's broker, Mr W. Lissant Clayton, Gisborne, or the Company’s Office, Gisborne.