Page 7 Advertisements Column 1

Press, Volume LX, Issue 18219, 1 November 1924, Page 7

Make Your Money Earn 8 per cent. FREE OF INCOME TAX An Attractive Proposition In order to provide funds for the completion of their flume for the water transport of coal at their mine the WESTPORT-STOCKTON COAL CO. LTD. offer an issue of Second Mortgage DEBENTURES for £15,000 Bearing interest at the rate of 8 per cent, per annum, payable half-yearly, tree of Income Tax, being 1 part of a total issue or £20,000. all ranking pari passu in point of charge on the undertaking o£ the Company, but subject to an issue of £50,000 of first, mortgage debentures. Currency: Ten years from October Ist, 1924. The Debentures are available in amounts of £SO. £IOO. and £250 each, or in smaller denominations, as may be. desired. The Terms of Payment are Easy, viz.:—-25 per cent, with application, and the balance in three instalments of 25 per cent, each at intervals of three months. Interest runs from the date of receipt of any money by the Company, so that applicants preferring to pay in full on application may do so. SECURITY. The security offered comprises all the property and assets of the West port - Stockton Coal Co. Ltd., present and future, save and except its stocks of coal, its book and other debts, and its uncalled capital, but subject to a previous issue of First Mortgage Debentures of £50,000, of Avhich £49,650 have been issued to date. The Second Debentures now offered will rank next, after the First Debentures, as a charge on the above-mentioned security. The Authorised Capital of the Company is £200,000, of which £197,785 10s. is issued and fully paid. OBJECTS OF ISSUE. The sum of £15,000 is required to bring to completion the Water FlumS being constructed for the transport of Coal to the Railway, with a view to doing away with the greater part of the present electric, haulage system. It is estimated that the completion of this will save the Company £IO,OOO per year, and place it on a payable basis. It has been proved beyond all manner <>f doubt that there is coal in very large quantities in the Wcstport-Stockton field, and there has for some time been a continuous and very satisfactory development. The high quality of Stockton Coal is, of course, well-known. '3: ' As a safe and desirable investment, ensuring a very satisfactory monetary return, the above Debentures should be eagerly subscribed for. REMEMBER: The Security is a fully-developed Coal Field, producing upwards of 500 tons of Coal a day, and already proved to contain sufficient coal to last for-the next fifty years. The Directors of the Company are:—Messrs. W. Reece (Chairman and ~ - Cyrus Williams; and Dr. E. G. Levingc. CUT OUT AND SEND THIS COUPON. THE DIRECTORS. WESTPORT-STOCKTON COAL COMPANY LIMITED, 183 Cashel Street, Christ church. Gentlemen,— *£so I herebv apply for Debentures *£loo *£2so c-ach of your £15,000 Second Debenture issue of a total value of £ . , „ _ , . *payment in full I enclose the sum of £ being #25 per opnt on application, and I agree to accept all or any less number that may be allotted to me (and to pay three further instalments, each of 25 per cent., at intervals of three months from this date). Signature Name in Full Occupation Address •Cut out words not required. Application forms can toe obtained from any Branch of the Bank of New South Wales, or any registered member of a Stock Exchange. Prompt application is necessary, as it is anticipated that the issue will be over-sub-scribed and allotment will be made strictly in accordance with priority of application. ' THE LIST WILL CLOSE ON SATURDAY, 29th NOVEMBER NEXT. G. G. TOWNSEND, MoWhaunell & Spinier F.1.A., N.Z., Regd. Accountant, Secretary, Westport-Stockton Coal Co. Ltd., 183 Cashel Street, Christchurch. Garden Parties Weddings == Shows, Etc. For these happy functions hire your marquees from Johnson & Couzins. The cost is nominal, and experts do all the tiring work of erecting and dismantling. Business men are remindod that there is still time to make arrangements for a display at the Canterbury A. &■ P. Show. Call and sec about one of our splendid show tents to-day. Johnson & Couzins L' d 93 Cashel Street *Plione 856 J4i°6-3 5 3 3 For Ailing Horses ! BERRY'S WORM POWDERS Price 4/- posted Do not interfere with horses working, and will put your horses in perfect nick for show or races. RALPH PARNHAM BERRY'S PHARMACY 670 COLOMBO STREET P6545, harness AT SHOWS. Have yon ordered yours yet from WAYMAN BURN, THE SADDLER, t 66 Tqam street (near Fanners _B2fis? Saleyards). The a Bulletin "SPEED AND CERTAINTY" TEST AT BROOKLANDS. "AUSTIN SEVEN" VICTORIOUS. London, 21/9/24. "Austin Seven cars took first and second places in 750 CC Class Junior Car Club 200 miles race Brooklands, September 20. Gordon (England) Ist, made non-stop run for second year in succession." Between March and June Austin Cars secured 23 Gold Medals 13 Silver „ • 7 Bronze „ 2 Cups "British Built in largest British Factory" (David. rogier 57-59 Worcester St. W. CHRISTCHURCH