166 



HOMESTEADS LIMITED 



Amount. 



c Example. A person buys 100 worth of property, 

 and pays 10 per cent, deposit ; this leaves a sum of 

 90 due, which can be repaid by 252 monthly 

 instalments (21 years) of 12s. 4d. each. Payments 

 can at any time be made on account of principal, 

 and the remaining instalments will be reduced 

 proportionately. 



Ordinary Mortgages at 5 per Cent. 



* A purchaser paying down 20 per cent, deposit 

 can have an ordinary mortgage for the balance of 

 the purchase-money at the rate of 5 per cent, per 

 annum, payable quarterly, and so long as the 

 interest is punctually paid and covenants performed 

 the principal has never been called in.' 



The company are prepared to put up bungalows 

 for customers if required ; many of the purchasers 

 have, however, put up their own houses. 



An acre of land with a wood and iron bungalow 

 consisting of a living-room and two bedrooms can 

 be had for 100. The larger bungalows, with four 

 good rooms, cost 175. 



There are no restrictions of any sort after once 

 the land has been purchased. 



