Page 6 Advertisements Column 4

Taranaki Daily News, 6 July 1921, Page 6

PERTINENT FACTS FOR INVESTORS. PROGRESS OF POVERTY BAY. People who intend to apply for 7A per cent. Ten-year Mortgage Debentures, issued by the Gisborne Sheepfarmers’ Frozen Meat Company, will be interested in the following figures, which reveal the remarkable progress of the rich East Coast district of the North Island. Undoubtedly, Poverty Bay is a region with a great future. The figures show the exports from Gisborne during quinquennial periods:— 1916-] 920 £2,144,566 1911-1915 1,373,145 1906-1910 992,554 1901-1905 ... 512,749 The history of the Gisborne Sheepfarmers’ Frozen Meat Company, the pioneer farmers’ company of Poverty Bay, shows a consistent expansion in harmony with the above figures. It has three up-to-date freezing works—at Gisborne, Tokomaru Bay, and Hick’s Bay. Its business is mainly concerned with the killing and freezing of meat, and it operates on clients’ account only. The £300,000 Mortgage Debenture Issue is secured by first mortgage of property and plant valued at £615,263. Debentures will be issued in bearer form, and in denominations of £5O, £lOO, and £5OO and yCIOOO. Currency, 10 years. Interest at 7A per eent. per annum, payable half-yearly free of Debenture Tax. Full details are in the prospectus, which please obtain from: The Bank of New Zealand or any member of the Stock Exchange, or from the Company’s broker, Mr. W. Lissant Clayton, Gisborne, or the Company's Office, Gis-