AUCKLAND FARMERS’ CO-OP.

Taranaki Daily News, 28 May 1921, Page 4

AUCKLAND FARMERS’ CO-OP.

A HELPFUL AND PROFITABLE investment. In norma) times those who havaf money to invest have no difficulty in deciding upon how that money shall ba; placed, but when, as at the present time, there exists a certain amount of financial pressure it is advisable to consider two very material points. The first} matter on which it, is necessary to be satisfied is naturally that of security, while the next is the return obtainable for the investment. Assuming these preliminaries are satisfactorily accounted for, there is yet another factor that should receive consideration, namely, whether, all other things being equal, the investment should be 'made so as to be of direct help to some undertaking! that is of importance to the welfare of the Dominion. It so happens that all these influences are strikingly exietentf in connection with the issue of a quarter of a million bonds, bearing interest at ,7% per cent., now offered by the Farmers’Union Trading Go. (Auckland) Ltd. The farming community is regarded, and rightly so, as the backbone of the country, and in general are more investors than borrowers, but through the temporary fall in several lines of produce they are temporarily obliged to husband theii resources, hence the public have the opportunity not only of investing in very profitable securities, but of assisting this co-operative concern to expand Its busi< ness and its utility as a factor in the prosperity of those engaged in farming pursuits. The company has a subscribed capital of £568,460, of which £157,117 is uncalled, so that the bondholders have a very substantial security, for though they have, no specific charge on the assets, they rank in priority to all shareholders. The business shows a steady and solid growth, and the interest offered (7* per cent.) is sufficiently tempting to attract investors. The bonds, which are repayable at four or eight years at the option of the purchaser, arc of the value of £25, £5O or £lOO. and the secretary of the company will gladly furnish all information required.