Page 9 Advertisements Column 4

Dominion, Volume 13, Issue 298, 10 September 1920, Page 9

FINANCIAL, SIX PER CENT. AND SAFETY. ' ISSUE OF 45,000 G PER CENT. CUMULATIVE ■PREFERENCE ' SHARES OF -CI EACH. SMITH & SMITH, LiIMITED, PAINT, OIL, COLOUR, GLASS. AND WALLPAPER MERCHANTS. DUNEDIN, CHRISTCHURCH, WELLINGTON. AUCKLAND, .AND LONDON. AUTHORISED CAPITAL . 4150,000 . PAID UP CAPITAL - 70.000 RESERVE FUNDS AND UNDIVIDED PROFITS .... 33,620 Tlio Comnany was incorporated in l'JOi (with a capital of 435,M0) for the purpose of purchasing the old-established Oil, Colour, and Glass Busiiioss carried on at Dunedin, Wellington, and Christchurch. by the lato Roboit l-er b us Smith, under the style of SMITH AND bMIIH. oirn/utn-t. n,h ~«« In March 1020 tlio Authorised Capital was increased to 4150,000 by the creation of 7000 new Ordinary Shares of 410 each and 45,000 6 per cent. Cumulative Preference Shares of 41 each. . . The progress of the Company is reflected in tne fact that during the 16 years of its existence dividends amounting to 470,000 have been paid; capitalising reserves to the extent of 4J0,000, tho Reserve and Undivided Profits at June 30, 1920, totalled 433,620. , .. „ ~, .. . . The Directors have recently purchased a valuable freehold site in Albert, Street Auckland and have made arrangements for tho erection of a warehouse thereon." The development of a branch in this city will give tho Company scopo for still further advancement. . <•«,. +l,« The Directors have decided to erect, in Dunedin an up-to-date factory tor tne preparation of paints, enamels, varnishes, etc. The'site has-been_ chosen, and arrangements have been made for tins work to be moceeded with at once. . services of a London Expert havo been secured, and it :Is,confidently cxpected that this department will add materially to the earning powdr of tho Company. To assist in tho extension of the Company s business in these duections the Directors, have decided to offer to subscription, at par 45,000 6 PLM CENT. CUMULATIVE PREFERENCE SHARES OE £1 EACH, which. enti/tle the holdei thereof. Cun)u]ative preferential Dividend at the rate of 46 per centum per annum on the amount paid up thereon, for the time being. Tinder New Zealand law these Dividends are FREE 01 1 INCOML (b) To "priority pver Ordinary Shares both as Jo Capital, and Income on a winding up, but to no further rights itii the profits and assets of the The Directorgno'w offer for Subscription the above-mentioned 45,000 Preference Shares; instalments payable as under;— On Application uS ' P 6l " g!) ar# ' On Allotment j> 9, per Share. On January 1, 1921 , ss. per Share. On April 1. 1921 .;•'•»•••• ss. per Share Applicants may pay in full at tho timo of allotment, and a FULL HALLYEAR'S DIVIDEND WILE BE PAID ON JANUARY 31 on all Shares fully pa d UP are payable January'Sl and July 31 in each year, and will be paid Free of Exchange at Auckland, Wellington, Christchurcn, or Dunedin. The Company will pay to brokers a commission of 2V per cent, on all snares allotted to which they procure tlio subscription. ~ , , The minimum subscription upon which the Directors will proceed to allotment 18 must be for not less than 50 share?, and should be sent to the Registered Office of the Company at Dunedin, together with the) amount payable on application. No transfer will be accepted until tho shares are fully pa dI up. If no allotment is made, tho deposit will be returned m full, and if tho of shares allotted on any application is less than, the number applied for, tho balance of the application money will bo applied in reduction of tho allottees liability on the shares allotted. . ~, , , MANA GEMENT.—Experienced, capable, progressvo, responsible and successful. SECURITY—The surplus of assets over liabilities- (excluding capital) is 4103 621 17s 9d which ils more than double the amount of this issue. These assets do NOT INCLUDE any sum for goodwill. NET PROFITS.—For the past eight year. the net profits of the ampany nftor tvitttoatW" TTipfkTiiA Tnv lin.vo RvcrftKfid or FOUR TIJIJjS illJy INTEREST REQUIREMENTS OF THERE PREFERENCE SHARES FINANCIAL REPORT by Messrs. Barr, I/-ary and Co., F;P.A. (N.Z. : Mo have examined the Balance Sheets, Trad(ring and Profit and lass AwMimta of Messrs. Smith and Smith. Ltd., for the past five years, bearing the certificate ot Mr T H Thompson, F.P.A. (N.Z.), as auditor, and find that .tho averago net profit on CAPITAL AND RESERVE for that period, after providing for depreciation. taxes, etc., is 13.66 per cent. The increase in the surplus of assets over liabilities for the same period is 34.86 per cent., and the accounts show tlmt the business is sound'and substantial, with a record of 6teady pi ogres.. BARR, LE the' Prospectus and Formal Application for be obtained from the Brokers and from the Head Ofhee and Branches of the National Bank of New Zealand, Ltd., and at the Company s Offices at Wellington, Christchurch and Brokers; Harcourfc and Co., Lambton Quay, Wellington; S. George Nathan and Co., Customhouse Quay, Wellington. THIS FORM OF APPLICATION'MAY BE USED: To the Directors of LnllTm Gentlemen,— _ , „ I hereby request you to allot to me ........ Preference Shares in the above-named Company upon the terms of the Company s circular, dated tlio Third Day of September. ii)2o, and I heroby agree to accept the same or any less number that may be allotted to me. . I enclose the sum of 4 , T ■ , *">* the amount payable on application for the raid Shares, and I agree to pay the further, sum of ss. per Share on allotment and tho balance as provided by the said circular. " And I request and authorise you to register mo as the holder of the shares so allotted. Name in full Address Description Dated the —dny of 1920. Signaturj Exchaiifro must be added to all cheques not drawn on a bank of Dunedin, Christchurch, Wellington, or Auckland. Applications will CLOSE on SEPTEMBER 30, 1920, or earlier, at the option of the. Directors. . r .i • r'.i n Filed with tho Registrar of Jowit Stock Companies. [Abndged.J

' SOUND'AND PROFITABLE. INVESTMENT IN UNDOUBTED SECURITY. TTTP PTTRTTP 07? WANG4NUI AND DISTRICT ARE INVITED TO PURCHASE DEBENTURES NOW ON SALE BY THE WANGANUI BOROUGH COUNCIL. Debentures, ' £100 each, beating interest at five and a II \.LF PER CENT., payable half-yearly on presentation of coupon for interest attached to each debenture, at the Bank of New Zealand at anv of its branches in the Dominion. ' . THE SECURITY IS UNDOUH'i ED, being a special rate pledged mer the whole of tie'rateable property-ot tho Borough of Wanganui. Iho • debentures are repayable on June 1, 1945, and are payable to bearer and can be sold by the holder on the market at any time. Applications have already been received from Dunedm, Christchurch, " Wellington, Eotorua, Paliuerston N., Nelson, Picton, and other parts of prospectus may bo obtained on application to the Bank of New Zealand; Harcourt and Co., Sharebrokere, Wellington; or to the undersigned. . / G. MURCH, Town Clerk. September 2, 1920. ' LEGAL NOTICES. PUBLIC NOTICES. TO FRANK HARCOURT 11ATT0N . CLIFP HOUSE lIIOSIC. EVANS, brother of Lewis Herbev C L IT?P HOUSE KIOSK. Owen Evans, deceased, intestate, and CUFF HOUSE KIOSK, ' formerly of Mangatoro, ntar Dan- 4NT> BAY nevirke, and all persons claiming bj ISLAND BAY, through or under him. (fVENS SATURDAY, SEPTEMBER 11, PURSUANT to an Order made by the UNDER NEW MANAGEMENT, Supreme Court of New Zealand at Wellington on the Bth day of June 19.0, — • , . you are hereby called upon to send in BUSINESS NOTICES, to the undersigned on or beforo tho Ist day of December, 1920, your claims to , tho estate of the «said lerl WELL-DRESSED WOMEN Owen Evans, intestate, ulio clieu on ui about the 4th day of September, 19 8, T fiTIT^P failing which the estate will be dis- -m/TAISON LOUISE ] t.ributed among the persons enticed I'-B-AISON LOUISE I thereto disregarding your claim. For, nTmTepc 1 Dated at Wellington this 4th day of BLOUSES August, BOgEi HOSIERY Set a Standard of Quality .for your . - clothes, and don't Ret below it— ■ ensure yourself of being well BUSINESS NOTICES. dressed year in and year out. — — Only Address: RONALD, T. M'LEAN, S.T.. MAISON LOUISE, Metaphysician and Neurologist 3? wjlUg streeTMAY bo consulted at No. 2 Couitenay Place. Nervous Disorders specialis- - . ed. Insomnia, Paralysis, Constipation wATrtt vntTT? FFVT anil Indigestion successfully treated.; WATCH YOUR FEE I. Hours: 10-12, 2-4. Evenings by appoin - jpHIROPODISTS AND FOOT SPECIALISTS. SIR WILLIAM CROOKES TORIC LINDSAYS LTD., EIE-GLASSES. • «gj Tj«mbton Quav. THESE Eye-Glasses are sold entirely w ay. on their merits. We offer no reducsuDeiiOT 3 quality o 'tacked by an absomw /GUARANTEED Fadeless Holland, guarantee of satisfaction. S. P. M'LEAN W fentheretitehed, hemmed sides. Old ODhthalmic Optician, 124 Riddiford blmds renovated. Buttons covered wlule Street Newtown. _ . vou Y'V 1 Commy orders _— — executed. WATSON AND CO., ""EVERYBODY'S'"' Blind Specialists, Hi Dominion Avenue, Wellington. For tho Very Best. — : • „ _ CORSETS! CORSETS! CORSETS! FISH AND OYSTER SUPPERS OUR .pgRSETS to Guit every figure and purse. t SPECIALTY. %j you are not well dressed unless Emerson Street, NAPIER. you are well corseted. ■ ' . MAIL YOUR ORDERS to F lß |ith F jr' ! 'UmtewHtlr° 6 " fflS 139 Manners King's FhSSSTithSuhi! Manning and For Prompt and Careful Attention. Co., 5 Bedford Row, Clirislcliurch. VSTHOOPING Cough-Why allow your ■iHrw T/iinir Trnubles use Castle's Lung children to suffer? MARSHALL'S F Caslle% Phamacios. 13* CASTANA VESCA effects immediate reand 189, Riddiford Street. llef i 28 ■> a " chermaba.