BANK RATE FALLS.
It is announced in London that the bank rate has been reduced to 6 per cent, as from June 23rd. This is considered by financial experts to be indicative of the coming of cheaper money, and that the peak point in interest rates which have been current since the war, has now been passed. To investors in the Dominion this emphasises the splendid opportunity which now occurs of obtaining 7| per cent, free of income tax, in the sound security offered by Macky, Logan, Caldwell, Ltd., Debentures. Such a rate of interest is quite exceptional, and when it is backed by the standing of a firm whose business is spread throughout the Dominion, and whose surplus assets amount to £843,782, it will be seen that the investment is one of unusual merit. Intending investors should lose no time in applying for an allotment of these debentures, as already £45,000 have been subscribed. The full prospectus can be obtained from any branch of the Bank of New Zealand, or any of the Company’s warehouses, or from any member of the Auckland or Wellington Stock ExcWutfc
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Taranaki Daily News, 2 July 1921, Page 5
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187BANK RATE FALLS. Taranaki Daily News, 2 July 1921, Page 5
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