Page 12 Advertisements Column 2

Sun (Auckland), Volume III, Issue 666, 18 May 1929, Page 12

SAFE, SOUND, PROFITABLE INVESTMENT “RELIANCE LOAN” 8 PER CENT PREFERENCE SHARES The present earnings of the Reliance Loan, Mortgage and Discount Corporation, Limited, are sufficient to pav the annual dividend on the 100,000 £1 preference shares at S per cent, now offered by this company. This fact is certified to in an independent auditors’ report prepared by two leading Auckland firms of Public Accountants. Moreover, it is stated in the Auditors' report that, on the basis of present earnings, a substantial amount would still be available for payment of a dividend on the ordinary share capital of £60,000. The issue is backed by securities of approximately £400,000, and the method upon which the Company operates is such that there is always an ample margin of safety oh all advances. With mortgages this margin is at least 50 per cent., and on chattel securities is considerably larger again. Particularly sound and experienced management characterises the Corporation, which is under the Managing Directorship of Mr. J. S. Emanuel, one of the most prominent financial experts in the Dominion. Already a large number of shares have been applied for. therefore, prompt application is essential. Copies of the Prospectus may be obtained from any branch of the National Bank of New Zealand, from the Corporation's broker. Mr. Campbell Paterson. 23 Shortland Street. P.O. Box 1206, Auckland, or from any registered sharebroker. .6