Page 16 Advertisements Column 1

Sun (Auckland), Volume 1, Issue 56, 28 May 1927, Page 16

STEADY PROGRESS THE DOMINION INVESTMENT AND BANKING ASSOCIATION • (Incorporated under the Building Societies Act, 1908). Authorised Capital: £250,000 First Issue of £50,000 Over-subscribed by £20,000! Second Issue, £50,000. £70,000 Taken Up. £30,000 Now Remain for Subscription BOARD OF DIRECTORS : Alfred George Lunn (Chairman). Sir James Gunson, C.M.G., C.B.E. Edward Russell George Winstone, Jnr. James A. Warnock, J.P. Christopher H. Furness, J.P. Hugh P. R. Caughey David Pollok, A.P.A. (N.Z.) Solicitors: Russell, Campbell and MeVeagh. Auditors: Hutchinson, Eliffe and Cameron. Bankers: Bank of New Zealand. Secretary: D. Pollock, A.P.A. (N.Z.) SINCE the announcement of being “Ready for Business,” the Association has made steady progress on sound lines. The confidence of the investing public is shown clearly in the fact that the first £50,000 has been considerably oversubscribed, and the increasing growth of the business of the Association has rendered it desirable that a second £50,000 “A” Capital Shares, making a total of £IOO,OOO, should be issued. Of this second £50,000, already £20,000 has been subscribed, leaving only £30,000 available for application. The Association is of interest to all classes of the community. Dividends of 7, I\, 8 per cent, and higher have been paid by similar institutions elsewhere, and it is confidently anticipated that the Dominion Association will show equally good results. OBJECTS OF THE ASSOCIATION 3- It offers gilt-edged security for the profitable investment of large of small sums of money. 2. It receives money on deposit at attractive rates of interest. 3. It provides all the advantages of: — (a) A Savings Bank. (b) A Permanent Building Society. (c) An Investment Association. 4. It advances money on approved mortgage securities. “A” Capital Shares The “A” Capital Shares represent the permanent Capital of the Association. They are of £1 each in value and are payable either in full or by instalments, namely, 10 per cent, on application, 15 per cent, on allotment, and three calls of 25 per cent. each. The liability is limited to the amount paid or in arrear. Leading business and financial men have subscribed liberally for “A” Shares. ' “B” Shares for Small Investors These Shares are £1 each in value, and may be paid up in full or in monthly instalments of 1/- per share. “B” Shares can be withdrawn. “C” Shares for the Wage Earner Anyone, even a in an without capital, earning a comparatively small wage, can take up “C” Shares with advantage. No heavy cash outlay is necessary, merely regular subscription. Each “C” Share costs 1/3 per week only, and, when matured, is worth £25. In approximately 6| years:— A Weekly Subscription of 1/3 will realise £25. A Weekly Subscription of 5/- will realise £IOO. A Weekly Subscription of 10/- will realise £2OO. A Weekly Subscription of 15/- will realise £3OO. A Weekly Subscription of 20/- will realise £4OO. This is recognised in Great Britain as one of the best methods of saving money, and leading financiers have endorsed the work of similar associations in the Old Country. Savings Bank Department The progress of this department is steady and substantial. The public has displayed its confidence by banking considerable sums. All the facilities of a “first-class” savings bank are afforded by the Association. Deposits are accepted from 1/- upwards, and withdrawals are made as in usual Savings Bank practice. Deposits are accepted from 1/- upward and interest at the rate of 5 per cent,, payable on the monthly balance, is paid on deposits up to £SOO. Cut Out Coupon and Send for FREE Descriptive Booklet ! The Dominion Investment and Banking Association, 108-110, Victoria Arcade (First Floor), Queen Street, Auckland. Please post to the undersigned a FREE descriptive booklet of the Association's activities in all its branches. Name * Address THE DOMINION INVESTMENT AND BANKING ASSOCIATION 108, 109, and 110 Victoria Arcade (First Floor), Queen Street, Auckland.