BE SURE !

Taranaki Daily News, 18 July 1921, Page 4

BE SURE !

“MORTGAGE” DEBENTURES. The leading business journal of -tha Dominion, the Mercantile Gazette, has this to say concerning the unique ad* vantages of “mortgage” such as those issued by the Gisbornd Sheepfarmers’ Frozen Meat and Mercani tile Co., Ltd.:— “A mortgage debenture should 'be aec4 ured by a trust deed giving it a definite? mortgage on the real property of tha company. Where specific assets axej pledged, supported by sound an investor has a guarantee as to repayment of his principal. He is too, that the security cannot be pledged, to other creditors, or his margin weak** ened for the benefit of ordinary trade creditors, which is the case with a bonflj or ‘naked’ debenture.” Investors in the 7% P« r cent - Mort* gage Debenture Issue of the Gisborne Sheepfarmers’ Frozen Meat OompanSj are protected in this manner. The £3OO-j 000 issue is secured by first mortgage o$ properties and plant conservatively vah ued at £816,263 —that is, over £2 fo4 every £1 invited from investors. The trustee for the Debenture-holders. is thq NJZ. Insurance Co., Ltd., Auckland. Read full particulars of this sound} and profitable investment. Debenture# are in sums of £5O, £lOO, £5OO and £lOOO, currency ten years. 7i per cent, per annum, payable halfi yearly, free of debenture tax. Get pros< pectus from the Bank of New Zealand/ or from any member of the Stock Ex< change, or from the Company’s Mr. W. Lissant Clayton, Gisborne, o| the Company’s office, Gisborne.