What is the Bible Society Development Fund?
The Bible Society Development (NZ) Inc. was set up in 1978 to offer an investment facility to Bible Society supporters. The Development Fund, as it is more commonly known, is carefully managed by a board of Christian professionals. Investments held currently cover deposits received by more than 110%.
The Fund has provided over $2.5 million for the Bible cause, helping pay for Bibles for people without Bibles in New Zealand and throughout the world.
What is 'purpose driven' about the Development Fund that makes it different from other development organisations?
Deposits with the Fund have a double purpose. Not only can you invest your funds at competitive rates, but by investing in the Fund, you help in essential Bible work. Bible Society work benefits from the surplus the Development Fund earns on your investment, providing Scriptures to people in a language they can understand, and at a price they can afford.
If you are able to lend your money interest-free, or at a rate lower than that offered, you will be helping the Bible cause even more! What better purpose could there be for your investment?
What sort of investment is this?
The securities offered are deposits with The Bible Society Development (NZ) Inc.
| Minimum deposit | $100 (there is no maximum) |
| Interest payable | Six-monthly at the end of March and September and on maturity |
| Investment Terms | 1, 2, 3 years; or indefinitely ("on call") |
What are my risks?
Deposits are not guaranteed. The principal risk to depositors is the failure of The Bible Society Development (NZ) Inc.
In the unlikely event of the Fund being wound up, depositors’ funds will not be required to pay any person as a result of any insolvency, and depositors would rank equally with all other creditors, other than Inland Revenue for taxes collected but unpaid.
Interest Rates
Effective 25 February 2008. Interest rates subject to change without notice
| At call | 2.% pa |
| 12 months | 6.00% pa |
| 2 years | 6.00% pa |
| 3 years | 6.00% pa |
For large investment deposits - please contact for special rates.
Invest by completing these details and we will send you an application form. For any additional enquiries please contact Chief Financial Officer, Don Hardman
Legal Notice
The Bible Society Development (NZ) Inc is required by the Securities Act to provide the following information to prospective depositors:
Prospective investors are advised that The Bible Society Development (NZ) Inc, in making this offer, relies on an exemption granted by the Securities Commission from the obligation to disclose under the Securities Act 1978 and the Securities Regulations 1983 information that is material to the making of an informed investment decision. This document may therefore not contain all the information normally required to be disclosed by the Securities Act 1978 and the Securities Regulations 1983 in an investment statement or registered prospectus. Accordingly, the risks associated with this investment may not be as fully disclosed as if there was an investment statement and registered prospectus. Prospective investors should consider seeking professional advice.
Bible Society Development (NZ) Inc Board Members |
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| Keith Taylor, Chairman (Company Director and former Managing Director Tower Limited) | ||
| Mr D J (David) Harrison, (The Bible Society in New Zealand Chairman) | ||
| Garry Gould, stockbroker, Gould Steele & Co | ||
| Dr G P (George) Barton QC, Barrister | ||
| Murray Austin, previous Deputy Chief General Manager for National Mutual Group in New Zealand | ||
| Mr P D (Peter) McKenzie, Barrister | ||
| Mark Brown, Chief Executive Officer, The Bible Society in New Zealand Inc. | ||
|
Don Hardman, Chief Financial Officer, The Bible Society in New Zealand Board Secretary Mr Selwyn Tong, chartered accountant |
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Charities Commission number: CC 22121