THE NEW ZEALAND REFRIGERATING COMPANY, LIMITED.

Press, Volume LXI, Issue 18413, 20 June 1925, Page 12

THE NEW ZEALAND REFRIGERATING COMPANY, LIMITED.

ISSUE OF DEBENTURES AT 6* !»£fc CENT. SUBJECT TO INCOME~TA3C» OB 5 i PER CENT. TREE OP IX-COME-TAX. • * Readers who are interested ia a «•»- servative investment amply secured by first mortgage, ivili find on .the front page of this issue " an advertisement drawing attention to the Issue by tic - New Zealand Refrigerating Company, Ltd., of Debentures.

The Debentures will have a currency of, ten years, and subscribers may tak» them .cither at"6* per cent, subject't« income-tax or at"s} per cent.'free of income-tax.

The security offered comprises specifis first mortgage of the whole o-f the Company's laud, buildings, etc. insurances now current on this security, apart from the land, exceed iil.-xw.w*** ' —a figure which, is supported by architects' valuation. In addition*to this specific security, there will be a floating chargo upon the general undertakiaj and assets of the Company. The Company has an authorised siare ,' capital of £1,000,000; £900,000 has ; been, subscribed, of which £600,000 has been paid up, leaving £300,000 still on- >( called, in addition to "which it has a Reserve Account and balance carried $ forward amounting to £159,000. The * published Balance-sheets of the Company during the last three financial * years disclose net profits (in roaafi ' figures) of £45,000, £49,000, asd £5»,000.

Applications will be received up t« \ July 7th. Prospectus and applieatiaa. ,= Itorms may befobtained from any branch of the Bank of New Zealand, any nw»- v - her of the affiliated Stock Exchanges'ia , the Dominion, from the Head Omee of the Company at 1-39 Hereford street, Christchurch.'