Page 7 Advertisements Column 1

Sun (Auckland), Volume I, Issue 128, 20 August 1927, Page 7

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 Second Issue of £50,000 Over-subscribed Total £IOO,OOO Oversubscribed Board of Directors: Alfred George Lunn (Chairman). Sir James Gunson, C.M.G., C. 8.13. 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. y. Auditors: Hutchinson, Eliffe and Cameron. y Bankers: Bank of New Zealand. g Secretary: D. Pollok, A.P.A. (N.Z.) *' OBJECTS OF THE ASSOCIATION 1. It offers gilt-edged security for the profitable investment of large or 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. “B ” Shares for Small Investors These Shares are £,l 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 “B” Shares can be withdrawn.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 man without capital, earning a comparatively small wage, can take up “C” Shares with advantage. Xo heavy cash outlay is necessary, merely regular subscription. Each “C” Share costs 1/3 per week only, and, when matured, is worth £25. A 7 per cent, dividend has been declared on these shares. Subscriptions, plus interest, accumulate to the following Amounts in approximately 61 years:— This is recognised in Great Britain as one of the best methods of •aving money, and leading financiers have endorsed the work of •imilar 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. THE EFFECT OF 5 PER CENT. COMPOUND INTEREST on a saving of £1 per month shows the following results: — £1 per month for 5 years amounts to .. .. .. £6B 10 „ „ „ £154 15 ~ £265 20 „ „ „ £406 25 „ „ „ .. .. .. £587 30 „ „ ~ £Bl7 33 ~ and 3 months . . . . . . £IOOO Cut Out Coup on and Send for FREE Descriptive Booklet! ~ - ■ “1 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 m BANKING ASSOCIATION 108, 109 and 110 Victoria Arcade First Floor, Queen Street, Auck.