Page 9 Advertisements Column 1

Dominion, Volume 14, Issue 31, 1 November 1920, Page 9

FINANCIAL. iA Copy of this Prospectus has 'been filed with the Registrar of Joint Stock Com- » panies, dated the 26th day of October, 1920. PROSPECTUS OF ; ; -:- ; ANDERSONS LTD. ii. , Company incorporated under tho provision of "Tho Companies Act, 1908." PRESENT PAID-UP.CAPITAL .' £61,800 ' IN 61:800 SHARES OF .£1 EACH, . 7 PERCENT. ■' ' Z ' ~~ '.. 7 PER CENT. ' ■ ■• .£50,000 7 PER CENT. CUMULATIVE • PREFERENCE SHARES Free of N.Z. Income Tax and carrying Preference over Company's Assets and Dividends. ' • Are now offered to the public for subscription on the following terms:— l ' ss. PER SHARE ON APPLICATION. Ss. PER SHARE ON ALLOTMENT 'And the balance in instalments of 2s. 6d. per Share at intervals of not less than /> \" ' one' month, SHARES MAY BE FULLY PAID UP ON ALLOTMENT, and if so paid shall ; he entitled to Dividend at the Tate of 7 per cent, .per annum from daffc of , such payment The minimum subscription for Shares upon which the Directors may prooeed to allotment is fixed at Ten Thousand Shares. .• .■■•■■. , . DIRECTORS: .'-.-;. JOHN ANDERSON, Manufacturing Engineer, Christchurch. ,;'■ HENRY DYKE ACLAND, Solicitor, Christchurch. ■ GRAHAM JAMIESON, Contractor, Christchuroh. JOHN MONTGOMERY, Merchant, Christchurch. . ANDERSON, £ivil Engineer, Christchurch. FREDERICK WM. ANDERSON, Engineer, Lyttelton, .■'-•■■'■ BANKERS: ■} ' THE NATIONAL BANK OF NEW ZEALAND, LIMITED, • CHRISTCHURCH. AUDITORS: OLLIVIER BROS,, F.P.A.N.Z., 154 Manchester Street, Christohurch. .. ;; ; t;:. :; solicitor:.. ; : ' ' F. WILDING, K.C.,, 77 Hereford,' Street Christohnroh. CHIEF. BROKERS:; ,' HAMILTON AND, HAMILTON, 90 Hereford Street; Christchurch. STEWART, BECKETT, AND CO., 152 Hereford Street, Christohurch. Applications may be mode through any Member of th« Wellington Stock ■ Exchange. . " ' ■ SECRETARY: "' . ' A. OWEN WILKINSON, B. Com., A.1.A.N.Z,. '. ~; HEAD OFFICE: Lichfield Street, Christohurch. ' •,''■;■ WORKS: Chrietohurch and Lyttelton. .■ '■' . ■ • / BUSINESS AND ASSETS OF THE COMPANY: This well-known business of manufacturing engineers and ironfounders was ~ ESTABLISHED BY THE LATE MRi JOHN'ANDERSON IN 1850 and sinL hb death! has been carried on under the style of Andersons Limited. ' The enormous growth of thj s business in the past, and the ever-increasing demand for the manufactures of the' Company have induced the Directors to offer to the public an opportunity of assisting in further development. The security offered is undoubted. The present;'book values of assets are as follow :— Freehold Properties ;£52,438 : iPlant, Tools, etc. .;...., 13,400 ! Stocks ...i V ;.-;■■• 08,257 .', .' * ' . '■■■■.: : ,'■'. ./ n .£134,095 It is self-evident that the Freehold Properties, .which comprise two acres of freeholH land in the-heart of the .City of'Christchurch, with, frontages to Casfiel " and_Lichfield Streets, and thirty-five acres adjoining the Woolston Railway Sta- : , tion, 'appear in the" books at a,figure far below the market value. A recent and independent valuation of the Plan£ and Machinery by an. expert assessed their value at .^20,800!, Subsequent additions have increased the pre-sent-value to at least .£35,0Q0. Thy Balance-sheet of the Company at June 30, : 1920, shows the Reserve Account as totalling ; .£10,518. ~ .', ■ -... The Woolston property has been recently acquired with the object of estab- ' lishing an even more-up-to-date works, which will centralise the present operations carried on at Christchurch and Lyttelton. The site immediately adjoining the double line of railway, w!iere a siding can be procured; Thlj area is sufficient to establish the most up-to-date Works in.the Southern Hemisphere. In order to carry out the scheme the Works Manager is at present inspecting the plants of the leading manufacturers-of Great .Britain and the United States. The centralisation of tbie whole of the manufacturing operations of the Company will ensure increased efficiency in production and selling. ' ' '. .'.-■• . ' ■ 7 : GROWTHSOF THE COMPANY. ■ The growth of the business during the last ten years is indicated by the . 'following figures.:—' -.-.'.• ... In 1910 the sales totalled .' \C49,492 ' ■• In 1915 the sales totalled v£90,462 *..■;. In 1920 the sales totalled wei50,940 The Company manufactures tie famous "Anderson" Oil Engine. The popularity oT this engine, which is entirely designed and manufactured at the Com-' • pany's works in Christchurch, is proved by the fact that'the output for the cur- , rent year, is 1160 engines, .representing 3184 horse-power, .as compared with 155 engines, representing G2o' horse-power, in 1915. '.< Local Bodies throughout N.Z...are using Road Rollers, Graders, Stone Crushers, and Concrete Misors supplied by the Company. "■-., Over four 'hundred Dairy Factories in Now Zealand, and many in... South ' Africa, are using machinery and plant manufactured by the Company. Rofrigerating Companies, Fellmongers, and Woolscourers are large users of the Company's products.,..,... The Lyttolton Works have to their credit examples of Railway . Viaducts, and of other Structural Engineering' Work, such as vhydraulic and steam cranes, hydro-eloctric construction work, builders' iron work, and boilers, all,of which-aro to ho seen throughout tha Dominion. Apart from manufacturing, a profitable wholesale trade is carrifd on by • the Company's Hardware Department. The firm also holds several valuable Agencies for British'ivnd American Manufacturers, ' Without theexperiso of numerous blanches, the Company has established throughout N.Z. an efficient selling organisation under the control of tho Company's Sales Manager, thus freoing the Works Management to concentrate all its energies on production and expansion. OBJECTS OF THE PRESENT ISSUE. It is necessary, in order- to take- full advantage of the opportunities for development which are foreseen,, for the Works and Plant of the Company to be extended, and a large amount of capital is required for that purpose which will be partly provided ont of the present issue. . Having regard for dairy machinery, road rollers, tractors, and all other engines,'machines and implements manufactured, and supplied, by the Company, and to the importanceattached in Now.Zealand to the development of our dairy and agricultural resources, the future oilers great scope for the extension of the ■ ,- business carried on by Andersons Limited, and a largely increased output can confidently be expected. The Shares offered to the public are Preferential both as regards dividend and capital, and aro entitled to a cumulative preferential dividend of 7 per cent. - per annum* free, of N;Z. Income Tax. Applications will.be dealt,with in older of their receipt. A commission at the rata of 2i per cent, will be paid to any member of n New Zealand Stock Exchange procuring subscriptions for shares, with liberty to the Company to pay an additional 1 porcont. to its advisory brokers. ' i ' ■ APPLICATION FORM. / To tie Directors of Andersons Ltd. • Gentlemen, I hereby request you to allot to me ■preference Shares in the abovo-named Company upon tho terms of tho Company's Prospectus, dated the 2Cth day of October, 1920, and I hereby agree to accept tho same or any smaller number that may he allotted to mo,-and I horewith hand you the sum of &. , being a deposit of Five Shillings a Share on ~ - Shares in tho above-named Company, and to pay the balance of 15s. per share as provided by tho said Prospectus, and I authorise you to register; me as the holder of the said Shares. Name in Full ■■ ; .'. (Please state if Mr., Mrs., or Miss) Address „. Description »..,'. '. , Date. : Signature '. '.. Applications may be made through any Member of the Wellington Stock Exehinge, or through tvny branch of tie National Bank of NJS.