Page 17 Advertisement 2

New Zealand Listener, Volume 28, Issue 726, 12 June 1953, Page 17

Indte Faos Railhays 5onor; DEPEND ON THE SUCCESS OF ThIS LOAN A full subscription will ensure continuation of vital National works such a8 Electric-Power Supply, Roads and Railways. Hydro-Electric works at present in hand will cost over K25,o00,000 while approved pro- jected works are estimated to involve K18,5o0,000. Good Roads and Railways are New Zealand's lifeline: For the year ended March, I952, 743 miles of roads were formed, reconstructed; widened or sealed: Railway rolling stock on order totals over KIo,soo,ooo including 35 railcars and 41 diesel electric locomotives to be imported at a cost of {4,ooo,000. 4 MORE FARMS ! MORE SCHOOLS ! MORE HOMES ! MORE ELECTRICITY ! MORE TIMBER ! These are other important needs which the success of the current Loan will help to meet ! FACTS ABOUT THE LOAN: Cash in full with application or instalments. Interest accrues from date of lodgment of cash applications LET YOUR and from ISt June on conversion applications. The Loan is repayable on- ISth May, 1962. RETURN MONEY Cheques accepted free of Inland Exchange: YOU Income Tax rebate on interest on Stock if holder paying more than 7/io in the k plus 1/6 Social Security Tax: {3-19-69 Death Duty Stock available for payment of Income Tax, Social Security Tax and Death Duties, at death of holder. An Authorised Trustee Investment_ 1953 NATIONAL DEVELOPMENT 38% LOAN Issue of {2o,ooo,0o0 at [98-10-0% Fe TERM 9 YEARS Copies of prospectus and application forms may be obtained from the Reserve Bank of New Zealand, any Branch of any Bank; including Trustee Savings Banks, District Treasury Offices, any Postal Money Order Office, Or any Member of the Stock Exchange: G ET A PRosPECTUs Now ! 8.