71 PER CENT. INTEREST FREE OF TAX. That there is no better investment in New Zealand to-day is proved by the fact that £117,000 was subscribed in the first two weeks for Macky, Logan, Caldwell, Ltd., 71 per cent, debentures. The Debenture Tax of 3s in the £, levied by the Government, is paid by the Company, bo that the investment returns the full per cent to all investors. It is a significant fart that the average subscription received is approximately £250, proving that the ussue is popular with the small investor seeking to make his savings earn more. The Debentures are in sums of £5O, repayable in 5 years. Security amounting to £843,782 trebly secures the issue of £250.000. Interest is payable half-yearly, coupons for this purpose being attached to the debentures. Coupons will be cashed free of exchange and income tax at any branch of the Bank of New Zealand. The debentures, being bearer securities, can be sold or exchanged at any time. Lists will be closing shortly. Get a prospectus to-day from any branch of the Bank of New Zealand, any of the Company’s warehouses, <pr any member of the Stock Exchange.
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https://paperspast.natlib.govt.nz/newspapers/TDN19210727.2.22.6
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Taranaki Daily News, 27 July 1921, Page 4
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194Page 4 Advertisements Column 6 Taranaki Daily News, 27 July 1921, Page 4
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