Page 13 Advertisements Column 3

Dominion, Volume 20, Issue 60, 4 December 1926, Page 13

The Manukau Perpetual Flax Company, Ltd., coffer something in the shape of what, it is confidently predicted, will fully realise the title of a gilt-edged investment. The prospects of the New Zealand flax industry are almost boundless, and the company’s prospectus sets out the advantages to accrue from investing money in flax. A 10 per cent, profit is anticipated the first year, rising steadily to 54 per cent, in the ninth year. Even if much less than the figure is reached the investment would be a sound one, and the present opportunity would seem to be well worth the consideration of investors. The property for which the prospectus is issued comprises 2288 acres freehold, on which there is no draining required, and which is not subject to floods. There is said to be 5000 tons of millable leaf on the property, and a mill is now operating. The company has already received two cheques from sale of fibre. Prospectuses on application to the Manukau Perpetual Flax Company, Ltd., Alliance Assurance Building, O’Connell Street, Auckland — Advt.