Page 10 Advertisements Column 3

Otago Daily Times, Issue 19475, 9 May 1925, Page 10

CHRISTCHURCH DRAINAGE BOARD DEBENTURES. £50,000 AT* Si PER CENT. Investors will welcome the opportunity of again taking, up Christchurch Drainage Board Debentures. Applications are invited for Debentures, which will bo issued at par, in nominations of £IOO, £SOO, and £IOOO. Payment of interest at the rate of 5i per cent, is made on the 31st March, and 30th September of each year. Interest is paid in full without deduction of any description, and is calculated from the date of receipt of application of money. This loan is issued under the authority of "‘The Local Bodies Loans Act, 1913,” and “The Christchurch District Drainage Act, 1907,” security being afforded by a Special Rate of id in tile pound on the capital value of an area valued at £14,500,000 and Igd in the pound on the capital value of an area valued at £6,500,000. The period of the loan terminates in 1973, but the Board retains the right of redemption of the whole or any portion after 1938. These Debentures will always be readily negotiable. Brokerage of 10s per cent, will be paid to Registered Shareholders and to Banks doing busine.ss in the Dominion. Prompt application should bo made to the Secretary of the Christchurch Drainage Board, 198 Hereford street, Christchurch. Copies of Prospectus will be mailed on request, or may be obtained from any Registered Sharebroker or Bank. —Advt.

Canada sent Great Britain l.lOO.StOctvt ol bacon last year, compared with 83-l,2S4cwt in 1023.