Page 21 Advertisements Column 1

Auckland Star, Volume LIX, Issue 239, 9 October 1928, Page 21

NEW ZEALAND'S PROGRESS DEMANDS IT! An honest effort by highly rssponiibls New Zetland business men to establish an ad«qM*toly capitalised Organiaation, on the principles laid down and practised by English and Scottish Investment Trusts, which occupy a highly important piece in the Financial System of those Countries. ABRIDGED PROSPECTUS OF , ' BRITISH AND DOMINION INVESTMENT TRUST LIMITED. Registered under the *" Companies Act, 1908. Dated Bth day of October, 1928. Filed Bth day of October, 1928. Nominal Capital .. • • • • £500,000 5 7 100,000 SHARES, €1 Each, are now offered for Public Subscription upon the following terms:— 2/- per Share on Application, 2/" for Share on Allotment, and the balance in Calls of 2/- per Share at interval)? of not lost than . 2Vmonths. " * NOTE. —30,000 Shares have been applied for in advance before the issue of the Prospectus. i| FIRST DIRECTORS: i JAMES FLETCHER, Chairman of Directors, Fletcher Construction I Company, Auckland. « . .... , ERIC HOUGHTON RHODES, <Svil {Engineer, Auckland. M DOUGLAS KERR, Manufacturer, Auckland. WENDELL A PHILLIPS, General Manager, J. J. Craig, Ltd., Auckland. LEONARD JAMES STEVENS, Solicitor; Auckland. BANKERS: ' • National Bank of Nw Zealand, Limited. I SOLICITORS: 1 BRANDON, WARD, & HISLOP. Wellington.- a £. i L. J. STEVENS, Auckland. I MOORE. MOORE. & NICHOL, Dunedin. AUDITOR: x (To be appointed). i SECRETARY: i ; J. A. GENTLES. Messrs. Gilfillan «t Gentles, National Bank Building*. Auckland. I fj REGISTERED OFFICE: 23, National Bank Buildings, Auckland. { § '* * NO PROMOTERS' SHARES. 1 No consideration of any kind has be«n given or promUed to any:i -lone in connection with the promotion of the Company, a brokerage .lof 24 per cent, only is payable, for-procuring subscription for shares. I tin fact, th« establishment charged of the Trust will be smaller than those viof any Public Company established in New Zealand -in rectent years. ii % * GENERAL OBJECTS. | J . Tha.-Objeets of the Company «(res— .. |V Xo carry on the usual business of ah Investment Trust Com* r ' "' pany, aiming at obtaining a higher return on the capital ■ employed than is open with safety to the individual investor, and also having special regard to certain principles of investment which are well recognised, but have as y#| • ? '• generally acted on in New Zealand. , | !2. To underwrite the share capital (in whole" Or in part) of a I , Company abbut to be formed. ' ) * 3. To make advances on approved securities. | H 4. To acquire approved securities at discount, "and or on terms | that approved guarantees shall be held by the Company as j |f -j; * colkrteiai.. a*"' 1 .! 5. To underwrite Debenture and Stock Issufs ©f ei^blislied | ' busineg.es, : ■t; 6. To act as. Trustee for,. Debentur- Holder's.^l ' "The fundamental principle upon which such a Trust, operates is % the spreading of investment risks over a wide field by distributoig the greater proportion of both its subscribed and borrowed; capital >n a li'considefibli number'of fseirefully ieldcted Investments. * -;>x '"< This is similar totSe principle underlying all insurance; 'SF Investment Trusts give the small Investor most of /the. privileges enjoyed by the ntan with large, Investment Capital, but It is not to ffthe small Investor alone that the Investment Trust should appeal---Financial Trusts have facilities for investigation which 1 l» often denied the private.lnvestor. Few Investors could afford the time for such , inquiries, even if they had similar avenues available therefor. A leading feature of Investment Trust Companies is that the Shareholders Capital immediately becomes dividend producing. Unlike Commercial tt&re are no stocks to deteriorate or drop in value, *o Labour T#ubles, and the Ontire Capital of the Company is working for the Shareholders every day of the year. . Far too many people either deprive themselves of a reasonable return by seeking safety only:-or needlessly risk their capital in harardous 'and fortuitous , , , u Concrete evidence exists that in England and Scotland--the Honte of Investment Trusts—many choose to follow trained leaders rather than depend on their own judgment. Trust Companies have erreat advantages over the ordinary Investor --they do V' considerable bu*iri«»s in underwriting new Issues, and thereby either increase their, revenue « get at the underwriting once Securities which they wish to hold. Many of the best things are offered . privately to the Investment Trust before they are put on the market. To those have hitherto deprived themselves of a reasonable, returii on, their capital, the merits of a well-conducted Investment Trust should appeal. ri Applications will only be received on the footing of tha full Prospectus »nd on the Form issued therewith. . . Shares Prosoectus, Full Information, and Form of Application for Sharer may be obtained from .V' THE NEW ZEALANtt UNDKWgIHS^? O DEVELOPMENT 3 CORPORATION, LIMITED, • , U Ground Floor. Premier Buildings, Durham Auckland. ! Hutchison. ElHffe, Sc. Cameron, Auckland Repreeentatives. f 4 "' TIII NBW iwiwbwotw »•*•> Diytvownr MBW w "^p^, ATI oM, UMTCD, _ • . . ; ' l Ground Hoot, Prsmlsr BulKJlnos, Durhsm Street, Suoklwd. V? pieass send me. without oWt*ation. Prospectus, Full information, v | ana Form of Application for Share#. ; . . Name ........,i.. - ****** Address i. ...........•'• f."" il o^^ mU, HATS FOR MEN SOLD BY THE BEST STORKS jy/y. ■- rACTuar stouvopct V \^SS| |_L S . SSf * - - - ' - - ' •