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Investor Newsletter - June 2010

Welcome to our June 2010 General Finance quarterly newsletter. We appreciate your support. The purpose of this newsletter is to keep you informed about the company and various financial matters that may interest you.

Our newspaper advertising has resumed.  You will recall that we enclosed a copy of our current advertisement with our last newsletter.  We hope to extend our advertising later in the year. Our advertising uses five words to describe our business.  General Finance is a Focused, Established, Honest Residential Lender.

By this we mean we are focused on running General Finance Limited the way a conservative finance company should be run. We have a lending manual and policies in place and we do not deviate from them. We are focused on certain defined market sectors such as lending in the short term bridging finance market, using residential property as security.

We are an established business. Our board, management and staff are all experienced in the residential mortgage area. Over the years we have built up strong relationship with valuers, real estate people, brokers, lawyers, trustees and accountants who assist us with our business. We have survived the recent finance fallout. Over fifty of our competitors have not. We plan to be around for the future. 

One of the biggest problems in the finance company industry was that many were lending to themselves i.e. to directors and management for their own projects. This is known as related party lending.  General Finance has never been involved in this unacceptable practice. 

Residential Lender
Our lending is confined to the residential housing sector. We do not lend to the farming, commercial or the apartment construction sectors. We are sticking to the residential sector as we know it, it is the largest and most diversified of the property sectors and we believe it is the most stable. We have been only lending funds in this sector and we will continue with our existing policy. It is working.

Interest rates
Interest rates have been edging up slowly over the past year. Just to remind our investors if you are looking at a rate above 8.0%, our two year rate is 8.25% and our three year rate is 9.25%. For existing investors we are offering an additional loyalty rate of 0.25% for June and July. For deposits of more than $10,000 interest can be paid monthly. This is of assistance for those wanting a regular monthly income.

Next Interest Payment
Our next quarterly interest payment will be made on the evening of Wednesday 30 June 2010. Direct credits will be processed that evening, with cheques (if applicable) and paperwork being forwarded during the week.

If you have any questions about your investment please do not hesitate to contact me on 09 526 7801 or by email to  Our website is           

If you want to invest more funds, you can obtain an investment statement and application form from our securities registrar.  Their number is 0800 500 602.

Your continued support is noted and appreciated.