WELWYN ComArgaciAL BUILDINGS.
A small Debenture issue, charged on specifically mortgaged premises, and giving a yield of £5 12s. per cent. is an offer in the shape of a further issue of £18,000 5i per cent. First Mortgage Stock at 98 per cent. of Welwyn Commercial Buildings Limited. This company is a subsidiary of Welwyn Garden City, Ltd., and is registered under the Industrial and Provident Societies Acts, its objects being to provide factory accommodation at Welwyn Garden City for smaller industrial concerns. It has already erected various factories and the present issue Of Debenture Stock ranks equally with an amount of £25,000 already issued. The interest on the First Mortgage Stock, now issued and already issued, is covered by present profit rentals of nearly three times as much. The Midland Bank Executor and Trustee Company, Limited, are Trustees for the holders of this stock.
A. W. W.
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