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Wairarapa Daily Times, Volume VIII, Issue 2355, 24 July 1886, Page 2

An inset in our present issue calls public attention to the advantages offered to investors and borrowers by our local Permanent Investment and Building Society. We are pleased to notice from its contents thafc the Directors of the Society are extending their business by opening lip new branches which have been found, by the experience of other similar institutions, to be beneficial and' profitable, The Masterfcon • Society has now been established ten years, during which period it > has made steady'' progress, yielding year by year, by ptudent and economical administration, very satis: factory returns.- latterly the advance in its business has been so marked that the Directors have decided that the time had arrived to extend its capital to meet the increasing requirements of its constituents. With this object a new share issue is placed before the public' in the form of ten pound debentures issued at par. These debentures will carry seven per cent interest, and will participate in the profits of the Society, and as the number of them is limited they are- likely to command a premium'in the open market, In a- similar Canterbury Society where correspondingdebentures were issued some years ago the current market value has varied from £ll to £l2, and now stands at £ll ss.