Page 13 Advertisements Column 1

Evening Post, Volume CVIII, Issue 138, 7 December 1929, Page 13

THIS IS NOT AN'ASRIDGED PROSPECTUS, BUT IS 'mill Ll_l_"l._ -. ." .I" ' ' ' THE ATTACHE aSucA^oTfVrM W^t^^^cT^" *" *«■. « = c£m CORPORATION, LIMITED 'Incorporated unfa ■■ Tt,; Compass Ad, 1908. , . - In addition to ;the foregoing assets. It is not necessary to- outline the AlininricArl f^ar-kito! -CO^H/VIA the. following items must be added to history ana siowth of the Fuller-Hay- -TAUUIUI lbeU V^apitai - - XZjU,UUU security over which the present ward The™ Organisation, ,*ut it of which £238,000 is issued and Mly paid: ■ en ure lS bemg given. %r*££jT™ AUTHORISED 8% MORTGAGE DEBENTURE w%Z SSS t£S2 ' velopment. STOCK: £125,000 iwatlon In December; During the. past two years the OFFERS FOR SUBSCRIPTION. . '■ ''. ' Cinemas^ Ltd^.-^r^coS : ' management has conducted, an active £100,000 OF THE SAID MORTGAGE DEBENTURE siaerations, including *an - ■■'--= '■ reconstruction of its principal pro- <JTnmr : " ■ *" ■■ expenditure -of £8000 :in..::, ! perties. More" than twelve theatres OlU^ .' VV caSh ;.. .. r ..^., „- ,10.000, | have been built or rebuilt, and.several secured Over net assets valued at more than £3.00,000.. (2) The leases of 17 proving ;V " j others are planned. The net profits for each of the past three years have ciai^theatres, each having ''' ! A considerable amount of public exceeded £20,000. ..■:'..[ '■"./ years To^run, 'wtth^rfshte ■ I money has bene utilised in this direc- TRUSTEE FOR THE DEBENTURE HOLDERS of renewal. These leases . ! tio»- „: ... ... \ : : . MORRIS, DUNCAN & GYIXIES, Public Accountants. Auckland. separate" :*£££"s?■ tn e . ! In the course of this programme the DIRECTORS: . . ; Company's books, and ; ■ I industry was largely revolutionised by HENRY HAYWARD, of Auckland. Theatre Proprietor (Governing; may be most, conserya-- : ; the advent nf ths tmw,i. nit,,™ -» i Director of Hayward's Pictures, Ltd.) ' * tively estimated to . have the advent of the bilking p.cture. and SIR BENJAMIN FULLER, of Sydney, Theatre Proprietor (Director an' average' .value of ::'1"----the Fuller-Haj ward management has of Fullers-Theatres, Ltd., of John Fuller & Sonk Ltd. and ot £1000 each „.. .: i7;00l); now installed the most modern plant Fullers' Pictures, Ltd.)' . ' . : "■ '■-• '■'.' "-- .-. " iin its leading city theatres. Equipment JOim FIILIJ3R of Sydney, Theatre Proprietor (Director of Fullers' W L"n* ma^T™^?,. *?"' ' ' lot its provincial houses is .now pro- £*? °f ™-tres, *,tc, and of John - = ; ceedinfc'- PHILIP HENRY HAYWARD of Auckland, Company Director (Direc- r r nv t- alki f n^ pi^ur*s in a P- ' ■ Tho .-,.„■ :„ ,' ... tor of Hayward's Pictures, Ltd.) vv«v. proximately -20 city: and- -■ - nrmis^n^/d^^'S^^^! Company Director" (Director of . Pr°™ ***** .., „ 25 , m; pany of John Fuller & Sons, Ltd., ' BANKERS '"' (4) The Corporation also has-- ■■':-■ tneSvefT'V^^^kl^^ THB NATIONAL BANK^OF NEW ZEALAND, LIMITED. ' SS&V : ISS W^ company has any shares in the other. SOLICITORS: ■ which: have not been. ■■-•'- The Corporation was original NAKEB- HERMAN & B«sr Queen; Street, .X^ £$£ ,„ *£ - , : named "The New Zealand Picture AUCKiana. . books ■at • deDreciativfl ■ •" Supplies, Ltd.," but since it has long AUDITORS: - . values, totalling «W ceased to carry on the business of firm HUTCHISON, ELLIFFB & CAMERON, Public Accountants and • ""-' **■-'-■■- renting, its name was changed'to one Auditors, Durham Street, Auckland. ' ' ;'■-■■- ■ - £M49f» more appropriate to its operations '"' ' : ■—- ■ .:■.:' :- : . •■.-.'- ... ■ •. .. . ... w> . \pARTICIIIA»* n*'un»T: ASSETS OF THE COMPANY : :■ r^ A^2^£ff^l£ fARUCULARS OF MORT- - . „ .. : -;. issue amounts to £327373. - . GAGE DEBENTURE STOCK To the Directors, .; Auckland, 19 , 9 . :> , W^:^^^ Peno^The^wiUhave a pur- GentleSel^ 11^^ Tl^- , „. _... . : ,... \% VX^iSTß^^tt day Cyof°December S l f92°9 m the 21St 01 , -Havin sbeen requested to inspect the valuations and Balance ' may be regarded as a 'most ampll ' Sheets regarding the various assets of your Company, and to.appraise margin., r Interest will be payable .half-yearly he said assets according to their intrinsic value and their earning '• ' . ; " " without any deduction on the 21st capacity, we have to advise you that we have made a complete invests PURPftSF OP POl7«r^"r day of June and December at the «atioir of the position and now report as follows:— • „. rUKrUS& Ut PRESENT rate of 8 per cent, per annum, sub- (a) Freehold and Leasehold Properties. The Corporation awns ISSUE .:' I .'■:- ' ' jeet only to income tax at the rate freehold properties in three towns, and also owns the leasehold '(with • ■■' ■' '■■ "■ ■ ■ at which the investor is taxed 4Q years to run) of the Majestic Theatre at Wangaiiui. We have in- The' Corporation is now making the (if at all). ; spected recent and independent valuations of these four asset's and present issue of. mortgage debenture ... the total disclosed is £73,369. -, : •:....' . :. stock in order to meet part of the £ 35,^ he Eaid Pr^erties are «***:*>. Vhichtotar outlay which e s^. whole of the Corporation's assets We, therefore, certify, that the net value: of these assets accord-- • .- .. * V, as hereinafter described, executed ing' to the above sources of information is £37,619 '.:■ ■:• -. /vMiTTni^rr. ■ ": '" ' by it in favor of Morris,.Duncan, (b) Property-owning Companies. The Corporation'owns shares LUISIRACTS „;..::. *= tryllies, as trustee for the de- m five companies possessing extensive freehold properties situated in - rr ha , -,-..., •"• .; . .- benfure-holders. The Deed pro- various towns. We have inspected, the. Balance Sheets of these com" y■" W4erial contracts are:~ cltT th* "° °J her scou t rity,.?x- Pames, with the exception of those which have not yet completed their 1- Draft copy of. Truet Deed to be £35 750 iUr^? a9-%u totallln9 first fi"3-""!; 1 y,ear- fnd in each case recent-and independent valuations: executed by the dorpowSlon °n r oanvina CJj?T >n |h e acoom- o r current .book vaues of the respective assets ha.ye hee» submitted favor of the Trustee for^je Dc" ■ panying valuation certificate, may to us. On this basis we value the investments; ofi. the. Corporation-in benture-holders ■ , be given over the Corporation's the said companies at the total figure of £6^737, yielding a return of ■■ ■■-...:•■ .-..-.". .:.':: said assets in Priority; to or not less than 7 per cent. per.annum:on. tfcat^total figure. ...-.■''<■■■ ■ ' 2. Agreement dated:the: 21st dav'<)f: rsnkmg equally w.th. the: present (c) The Corporation Hold, Shares in eight companies engaged .. Novembers : 1923,■-;S*t£e£'?&----isuei .■ ■■ in the exhibition.'branch of the industry and controlling theatres in Gorpdratlbn ;and" the Graig ■ inRedemption: The debenture7 stock miv numerous towns. have examined the Balance; Sheets-of- all these vestment : Company' ■ providing Xll havo Wn °L P n lntentio" (d) The Corporation Holds a Co,ntrolling Interest in Auckland April, 1914, made, between Fulbliall na\ c been given. . Theatres, Limited,.which makes it the Proprietor of a proportional in- lers' Ltd., Hayward's Picture . . terest in the Majestic Theatre Buildings, Ltd.•- On the basis of the Enterprise Ltd., Jdhn Fuller, TERMS OF IURSCRIPTiniV land and buildings of the latter Company an independent valuation ' senior, and others, Henry . John,r ijuiv and the other assets at cost, the said interest amounts to £27,000. ■ Hayward and. others> and The" Stock will be issued as Registered (c) Miscellaneous Assets. The books of the Corporation.show ' "^ Tew Zealand: Picture '■ .Supplies,, Certificates in the name of the an- that St also Possesses the following asset, which, at'their respective .\ (n<>w the present Corpora-, plicant. Investors may aDDIv for eon book values, after allowing for depreciation comprise:— tion). providing for the purchase, version into Bearer Certificates. Scrip ; ; £ a d the' surn^oT F*i * %* will be issued in multiples :of £50, Plant, Stocks, and Equipment throughout New- evlnt <£ it in^reasin,; lta carnal;! with a minimum of £50, on the fol- Zealand (exclusive of talking picture installa- : . .. by the Lue of7teToUo^o^nv; lowing terms:- - tions.). a«d depreciated from an original outlay :of „ .•.:,, Payment in full on application; or Sundr^ Debtors'" i!- ' Z '<l:--V. H ■■-■ * 121Oo' t 0 ■■'■ h^; b^n_ completed :ex e r-v 20 per cent, on application and ■ ■ ' ' ' "|1"" " v cisc of the option and the allot-. ; the bakurce'wi allotment;''or ■.:.,,;..:'-.;.,:..,:, .. , ■ -.-. -« n ■ • ment of 188,000■ fully paid £17 . ■;• " " ■ ■ ■■■ ■• -■ '. ■•'•.■.'-•....•:■■:■• .':■■. ■'„"'■ " aiou,f33 . v o : ■ shares.'.;: -• - ?■■:">..:..;.;■ --„' ... 20 per cent, on"'application, 20per The /grand total of the foregoing, net,assets of 'the Corpo'ratiori'- : "' . - i;;: '': ?■ ""■■■• '.■■■' cent, on allotment, and the t>al- amounts to £267,075. ' "■•■■- ' Thesaid -contracts and all-,the-. m^iacW • (Si^ C kla^d RIS' OTNCAN & «^^«, Public Accountant,; T£ 'refer^^^re.n^t'l^ ' ■■■■.■-■ - AutKidna. spectedat the offices of the CorporaInterest will foe calculated from (Signed) WALLACE BRUCE & DUTHIE,- Public Accountants, tion, Pacific Buildings, Wellesley:" the date of allotment oh the-respective Auckland. - Street, Auckland. - ' ' ■■:' amounts paid,-and wiH" be "adjusted'to ' - ; ■...:.;•:.-■ . .... . . ? ','-,-■ ' !-: the neai-est half-yearly. 'JntereSt" da,te --■ ; - :--- --i-> i-'1 - ■-; - s?""" "llll"""""II"^1!!"!1"1!" ul"I" lll"."1!""1!l l|W|i1."-'! ml"y"1" 11 "''""""'""nnHriinmnrai.iiiimniimiiiHii.amnJiiOTininiinniiiiimmmniiranu!:-: following payment iiiVfuiio1;: ,:.:;r : __ • | FORM pi APPLICATIONFOR B°lo MORT^AGII QEBENTm& '■:■"■■-. -;-'.' '■':■"■ '■/' ,■■■■-. . - -■■■■■■■.:■:£ To'THE CRAIG|NYfiSTireN.T COMPANY Ltdp:;«/o P.lE.TitttiaiE.iii^BaxiWi, CERTIFICATE OF ANNUAL NET PROFIT :V^.."-' I- i-hereby APPLT^and^ue^ you to ai.ot mV ky^^T3^:^^ The O.rectors, ' , 7., : November; 20th, 1 925 .: | SSfST^fpSSSff ff^iSSSSi. CfJS^^ f FULLER-HAYWARD THEATRE CORPORATION LTD., £ , T , , - •- . . : Auckand.- ......-■.: '■ :■ ;..r,., :,,.,■-. -:i-s.: : and I. enclose herewith the sum of. £; being *payment on full;' of- -■;■-..■■ •• .- ; : ... . • ■-' ..•■■-.,■.- .:-.■--" ...s. . **/- in-, the. £1 payable on application. . We have examined the .audited accounts of ,the FullerTHayward-Theatre-.-.i-- 'AND I HEREBY EUETHER AGREE to acceptithe said' Debenture-'Stoct'of any aS-j: --a.ler.ampunts.that dotted to me, and provHecrEy >■*&& &££%. tor the payment of debenture interest in respect of each of the said yearly = to pay the sum of. £ beinE the balance of thp **\a <=tn<-v «r, .ii«* d^^^^l^^^^^^^^ 1 ■■ SR #£-<£ p£ oh ing provision for Bank interest and Directors' honoraria. All revenue from film 5 .. „ „ - . , ' .'. '..■■■ rentals or film rental interests has been disregarded s bnoulfl a smaller amount of stock be allotted than I have applied for any sum . •'■■■§■ enclosed herewith shall be adjusted or an excess credited'to the sum payable on /Year ended 31st March, 1927 £20,507 s allotment. : .: ■ »v.a nito «» Tear ended 31st Marcli, 1028 ' £22,015- s ■ ,■•■'- "• - '■ . ' ' ' ' . -- .-• Year ended 31st March, 1929 .. '.. .. £21,104 '..'. :; '|: ! Xame in ful , M ' "" '' ■ ■'- - ■ ■■■■:.:. The avetage of the above profits for the three years.was *21,208, . - I ■■' . ' '.; '* ■.■;■■.■■••■:■;-• •.••:.•■.•••• -. , -••••-. : , (Signed) HUTCHISOX, ELLIFFE & CAMERON, - | Address ......... Public Accountants. ■ f -'' -* .. ■'■"".'".'.':'.'■'"'.''".''"/'I ,; , The capital-of the Corporation is held in'equal proportions .by'Fullers.Pictures-.' 1' Occupation"'' '": "' ;":;' .•:.-,-'. : "-■•' -i;:";: r :,K Limited and by Hayward's Pictures Limited, each of which companies has a £ ' ' .VV.V-V".'v\r.V;vv. .-.-.-..;....'; it ■■-paid-up capital of £103,375. ; ' '.-■■' •-"•■= ' "'.'. _' '" , ■ ■ . =' .-:■ . ■-.-■ ■--■ .* -^ APPUiCAT IO NS SHOUUP BE LODGED ON OR BEFORE SATURDAY; DE^2l." 1 Dat 6 ■*"''"«^tJ^t^Afo™th^^ ;■.■■ ■■ '. . _^ '"' .- ■''/ .:'.:'.;•;' :."";. ."^^■^■^"■^■•(^"^^■^•■iß—^^X^. ' " ■ ;,.';,;.■;;-;/■.. |j I B* |&%# ■■"■■■■ ■ "'■"■ .■.■■-■ never slept - ■::■ : I %0 lDl## ::; ' : "'-before / \ She oS5^ The New "TRUESPRING" Mattr«, ■ // V UVe°- IS SECOND TO NONE FOR BED COMFORT jl VV i } '^T 4 ' "With; a^TrUcspring" underneath >ou'll be loth // I "'" to leave; yo«r,, ; bed on the blithest of summer It /ZxKSS Ordinary methods of cooking mornings. Its springy depths, yielding yet unsagIV/maEßJmri meat are appallingly wasteful. . ' Sing, make a haven of healthful rest and recuperaWmSSmWJ » , L - "' '■-'.'■ 'll '•- "'■"■• "on for. Enduring, luxurious, yet VfflESaS!®/ A 61b. Joint shrinks from 11 to" ! ' inexpensive bed comfort—as a result of the revSßHßiy' ' 13 lbs- : ! search and experiment behind the production of W^ , ! ■ ■ this mattress..... In * McClary Oven the loss is A*k your furni»lier for full pai tieulars. j lV^UinZ*:£l™-FAK SOLE MANUFACTURERS: 92 TORY STREET, ' MORE than the post of the elec- n | f» «O/"> »I WELLINGTON. tic current used |j. L. Halt (fc 10., Ltd. »»«*« »«* M ECONOMICAL- Chmtch"rcl'broH%nd s bake7to P re°r afec 5' j ■■XT,ii.^^ - £ *TU TLT 1-Jl 1 tion. And 60 per cent, of { ilurrati ,- lor tiQe JhLolidays 8 your cooking costs nothing • _ „ '*. « t See.aT n ';stSed fZ™ i ■ '■•'-■" :rail^;:^. ..Hobday Traia! | principle keeps all the., heat in «—» ——^—^—^—»^.^^^^_ >\ the oven—cuts down cooking """""""""""""""^^"^TI"''^™™^™1 "''^™™^™'I'^"™"1'^"™""I"™"^™""*"^™' ! costs-keep, the T kitchen cool. ■ ; . - V '^ALL; r ABQARD s'—and5'—and , away she j! And remember—the McClary is " -■ "-'..■• goes—^carrying hosts of happy holl- Jt p^nSd^c-v^^ifX ■V^v^.S^^^^-^^J f<* - I factor. ..:. ; .. ;. ■... v ;. „ .;.;.-■;■■' . ". '.- •1° Pft country and country folE to S . ' —■——^ ... .",Cheap tickets are available for all— >, ' ■ ■. ■From-'aH ElectricalDeaUr^or young and old—between" any stations \\ 31 Johnston Street, Wellington j ■ ' -——-^^~^-—^^— —- '"-'" s Mf^l^^iAjrlt TL d I MAKE SURE OF YOUR SEAT |' —C —c Ran Se • ON THE HOLIDAY TRAIN ( *~ Supreme [ BY reserving ahead - . |