Page 10 Advertisement 3

New Zealand Tablet, 24 November 1921, Page 10

k v / d 'v-X.GILT-EDGED SECURITY. .• % . ; TRAMWAY LOAN - ' , 6$ PER CENT. ' £288,400 Laving been subscribed to its last Loan at 5-| per . cent, the CHRISTCHURCH TRAMWAY BOARD now offers the balance, £85,600, at an increased rate of 64 per cent. Principal repayable October, 1934. SECURITY ONE OF THE BEST. ;; A Rate to cover interest and sinking fund leviable ever the City of Christchurch and a number of Suburban Districts, the. capital valjae of which is £19,000,000 ; also the Tramway undertaking itself (subject to existing charges), on which LOOO has already been spent, and which earns £251,000 per annum gross. Reserve Funds:' £286,781, invested in interest-bearing securities; £148,893 used in the ui> O «. dertakmg. . ' ' ■ " Interest, half-yearly, will be paid free of exchange in New Zealand and '.Australia,., Exchange will also ,be paid on principal moneys, when received and when > repaid. Applications will be considered in order of priority. If the market rate of interest falls, the possibility of which was suggested by the Prime Minister in his comment on the fall in the English Bank rate, it should mean that the above Bonds should be worth more than their face value later. 1 per cent, brokerage will be allowed to Sharebrokers, Solicitors or any recognised financial agent. Frank Thompson. : • General Manager, Tramways, Christchurch. November th, 1921.