Page 2 Advertisements Column 5

Taranaki Daily News, 21 May 1921, Page 2

N.Z. FARMERS’ BONDS.

WHAT IS THE SECURITY? People who are about to purchase the N.Z. Farmers’ Co-op. Association’s 7A per cent. Bearer Bonds are naturally interested to learn something about the security supporting the issue, In the present instance mere is -paid-up capital, uncalled-' capital, and reserve fund amounting to over one and a half millions. As readers know, in ordinary financial dealings two-thirds of the value of a property can be safely advanced; while here there is a margin of I|. millions ’for a bond issue of a quarter-mil-lion. Therefore, the investment may well be termed gilt-edged. The Association has been, established for 40 years, and, has paid an average rate of dividend since its inception of 8J per cent, on its ordinary capital. Moreover, the assets of the Association are unencumbered. These facts, combined with the attractive nature of the bonds and interest —the bonds are bearer bonds, and the rate of interest is 74 per cent, free of income tax—probably account for the great success of the issue. Those who wish to take advantage of this unique investment should get the prospectus, and send in an application at once. Write to, or call at, any branch of the Bank of New Zealand, any member of the Stock Exchange, or the Association’s Head Office in Christchurch. EMPIRE WIDE REPUTATION. Wherever the Union Jack is flown the British-built ‘’Dennis” has a great reputation. Thousands of corporations, public bodies, and business men use it. The repeat oruers sent indicate that it fully justifies its name of the “'Dependable Dennis.” The New Zealand Express Co., Ltd., Agent .