MONEY MAKES MONEY.

Taranaki Daily News, 28 June 1921, Page 3

MONEY MAKES MONEY.

7 J PER. CENT. INTEREST TAX-FREE. Make your savings earn more. £5O invested in the Macky, Logan, Caldwell debenture issue will bring you £3 15s per annum. £lOO will bring £7 10n, £5OO will bring £37 10s. and so on. The security is absolutely sound — it covers the debenture issue more than three times over. The issue is for £250,000 in 71 per cent, debentures free of income tax, and that sum is covered three-fold by -£843,782 surplus of assets over liabilities. Debenture-holders are secured ahead of ordinary and preference shareholders —your money could not be safer. The interest, is payable half-yearly in exchange for coupons attached to the debentures, and the principal is repayable in full in five years. Bank exchange on interest moneys, repayment of principal as W'ell as appli-

cations is paid by the company—the investor secures 74 per cent, clear. As an indication of the vast volume of business handled by Macky. Logan, Caldwell, Ltd., it need only be mentioned that in the past nine years the turnover increased by 360 per cent., and that the firm owns woollen mills in Timaru and Oamaru, a hosiery factory at Palmerston North, clothing factories at Auckland, and warehouses throughout the Dominion. Invest your money for five years in this safe, established enterprise. The debentures are in sums of £5O. and already £45,000 has been subscriber!. Applications for debentures and prospectuses are being received at all branches of the Bank of New Zealand, the company’s head office in Auckland, its branch warehouses, or by any member of the Auckland or Wellington Stock •Exchange’