LOOKING TO THE FUTURE.

Timaru Herald, Volume CXXIII, 10 April 1926, Page 9

LOOKING TO THE FUTURE.

A SAFE PROVISION FOR OLD AGE Other friends may disappear or prove unfaithful, but every pound put into a gilt-edged investment like Christchurch Drainage Board Debentures is a sure source of comfort and happiness, a guarantee for the future. These Debentures are issued by the Board in Denominations of £IOO, £SOO or £IOOO, and on them Interest is paid at the rate of £5 15s per cent., per annum, free of exchange at any branch of the Bank of New Zealand within the Dominion. As the term of the Debentures is for 50 years, from October Ist, 1923, with the right of redemption by the Board of the whole or any portion after the expiration of 15 years, it will be easily perceived what an assured income can be established for the future by such an investment. The security is an absolutely giltedged one being covered by a special rate of one farthing in the £ on the capital value of an area valued at £16,566,100 and lid in the £ on the capital value of an area valued at £7,167,69G, this area comprising practically the whole of the city of Christchurch and a large portion of the suburbs. Application money should he sent to the Secretary of the Christchurch Drainage Board, 19S Hereford St., Christchurch, either in Cash, Bank Draft, or Cheque. Exchange >vill be paid by the Board on all accepted Application Money. Write to the Board for a copy of its Prospectus, or obtain one from any branch of the Bank of New Zealand. It’s free

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