Page 8 Advertisements Column 5

Dominion, Volume 13, Issue 245, 10 July 1920, Page 8

A SPLENDID INVESTMENT. Gi PER CENT. 'FREE OF INCOME TAX. Investors in all parts of the Dominion will welcome the splendid opportunity offered by the Glnxo Manufacturing Company (N. 2.), Ltd., for a sound investment of capital. So bright are the prospects for ithe future, and 60 successful has tho past proved, that the company is issuing .£IOO,OOO, twenty-five years GJ per cent, debenture stock in sums of .£lO and upwards, for the purpose of acquiring tho manufacturing department of Glaxo and milk powder products in New Zealand, established by tho well-known firm of Joseph Nathnr. and Company, Ltd. Tho debentures are free of incomo tax up to the present assessment under the Land and Income Tax (annual) Act 1919. while a mortgage over freehold ind leasehold properties and fixed assets, amounting to .£135,000, fully secures the debentures. T . .. , Joseph Nathan and Company, Limited, have entered into an agreement with tho eompanv to purchase the whole of the output of Glaxo and first-grade full -roam milk powder manufactured .at foelories operated by tho company. Under this contract Joseph Nathan and Company Limited, are to pay a sum equivaent to not less than £1 per ton m cx'oss of the cost, price of the maiiufacaired article, and in estimating the cost ;>rico, all tho expenses of the company iro to lie taken into consideration, but lot interest on capital. It is proposed to increase the capacity if the factories to an outnut of about iOOfl tons, but even if the present output if 1500 tons were not; increased, the coinpnnv would still derive on the ealo of is output under its agreement with roseph Nathan and Company, Limited,'a,irofit, on the basis of £! per ton, of £31,500. As tho intcres* on the total ssuo of debenture stock is only JCGSOO, t is obvious that apart from the tangible assets of the company the holders If tho debenture stock will have a firstlass and safe investment, with an ample nargin for a satisfactory dividend. This is an opportunity for safe investtient that should not be missed, and inending shareholders should ob'nin copies f the prospectus and forms of npplicaion from tho offices of tho company in •almerston North, from Joseph Nathan ,nd Company, Limited, Wellington, or rom any branch of the Union Bank of .ustralia. Limited, or from any member f the Wellington Stock Exchange.— nlvt.

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