Page 8 Advertisements Column 1

Dominion, Volume 14, Issue 49, 22 November 1920, Page 8

A SOLID INVESTMENT. NEAV CAPITAL ISSUE OP E. EEECE, LTD. What constitutes one of tho best investments yet offared to tho public is tho issue of 50,000 7 per cent. Cumulative Preference Shares of £1 each free of New Zealand income tax, by Messrs. E, lleece, Ltd., the woll-known iron and hardware merchants of Christchurch. The present company was incorporated in 1916 to acquire the hardware business founded by the lato Edward Keoce in 1856. Since the Company's incorporation its business has increased by leaps and bounds. For instance, tho sales for tho year ended February 28, 1919, showed an increase over tho preceding twelve months of £7000. The 6ales for the year ended February 28, 1920, showed an wcreaso over, tho preoeding twelve months of .£30,000, while for eight months only to October 31, 1920, thero was an increase over the same period of tho preceding year of no less than ,fe15,000. I'hesß largo increases wore mado after the war, when stocks were increasingly difficult to obtain, unci wero not tho result of tho in/lation of the cost of goods, as the nvorage of hardware values has been practically stationary during the past two years. The rapid development of tlio business has called for further capital to meet such expansion, and to adequately deal with its increasing turnover. In no business will the demand for constructional material consequent upon the termination of the wr.r bo larger thnn in respect of ironmongery and hardware, and n long period of unexampled demand for such material may bo confidently predicted. A bettor investment would, therofore, be hard to find- Conies of tho prospectus and sharo application forms can bo obtained from any member of the "Wellington Stoolc Esolwuxe.— Advt.

The Prince of Smokes, "Desert Gold," tho Queen of the Turf, gives place to "Desert Gold," tho Prince of Smokes. Contentment, geniality follow n few pipefuls of "Desert Gold." You will be satisfied that Now Zealand can jv-'luee a tobacco better than tho imported. Ton will stick to "Desort Geld" onoo you have started. Begin now.—Advt.

Hishop Thlcltncfise, Canon Hesidentiary of Peterborough for 45 years, and tlio oldest bishop of tho English: Church, is resigning owing to his advanced age. Ho was 91 last May.