Mayne Investments Limited was formed in June 1968. In the years since its establishment, Mayne Investments Limited has expanded to best meet the investment needs of North Coast residents across a broad field. During that time the Fund has grown from just under $500,000 to over $320,000,000 in investments. Despite dramatic changes to the way business has been done during that period, Mayne Investments Limited has stuck by its original charter of giving investors, no matter how small their nest egg, the opportunity to invest in a secure, profitable and ethical, local enterprise. Because the aim of Mayne Investments Limited has always been to pool investor funds in order to lend them against first mortgage security, it is able to accept investments from as little as $100. The Managed Investments Act came into force 1 July 1998 requiring massive changes to the structure of existing funds, including ours. These changes were implemented to give more protection to investors. Our Board fully supported the process, resulting in the grant of our Dealers License. The growth in the Fund is a credit to the policies and philosophies Mayne has maintained throughout its history and is evidence that utilising the experience of the Board and management team, restricting lending primarily to commercial projects located within the North Coast and managing investments for local people, gave the organisation a solid, secure ground to build on. It also offers confidence to borrowers and investors, which is paramount when dealing with the important issue of money. Corporate Citizen Mayne Investments Limited has a proven record of giving generously to local charities. For the past six years the Board of Mayne Investments Limited has apportioned a part of their management fees and donated more than $700,000 to many worthy charities, including more than $150,000 to the Westpac Rescue Helicopter. Vicki Hamilton, from Heartfelt House, another to receive a donation, recently stated "In an area where so many worthwile charities are struggling to raise funds, we feel privileged to be chosen to be a recipient of your much needed donation". Chairman Pat Rummery said "The Board is pleased to be able to donate to local charities. Mayne is successful because of the continued support of the Northern Rivers community. It is very satisfying to be able to repay that loyalty by assisting some of these local organisations that perform an invaluable service and are in need of constant support".
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