Page 3 Advertisements Column 5

Taranaki Daily News, 20 July 1921, Page 3

8 PER CENT. WITH SAFETY. GAS COMPANY DEBENTURES. Remarkable public interest has been evinced by the 8 per cent. Mortgage Debenture Issue of the Wellirfgton Gas Company, Ltd. ' The investment, is a very sound one, for the concrete assets of the Company are doable the value of tho loan now offered for public subscription. The Debentures are in con* venient sums ( £5O and multiples thcroof), the currency ten years, and interest at the rate of 8 per cent, per annum will be payable half-yearly free of exchange. The purpose of the issue of the present 8 per cent. Mortgage Debenture Stock is to provide money for extension of plant at the Gas- Works and Manufactories at Miramar, the construction of additional workshops, the extensions of mains and services generally, and particularly to provide gas for adjoining suburbs that do not yet possess this convenience. The growth of the Wellington Gas Company has been steady and consistent. In 1869 the Company was incorporated with a share capital of £lO,OOO. Al the present time the authorised capital stands at £550,000. In 1880 the sale of gas was 37.000,000 cubic feet; last year it reached 466,000,000 cubic feet. The consumption of gas has increased sevenfold since the introduction of electricity into Wellington. Here is a rare opportunity to get 8 per cent, with safety. Act to-day. Apply for Prospectus or Debentures from the Bank of New Zealand, members of the Stock Exchange, or the Wellington .Gas WeUißgtec.