Page 17 Advertisements Column 1

NZ Truth, Issue 1149, 8 December 1927, Page 17

Substantial Profits Assured ! Investors" can confidently expect a high return for their money by investing m WELLINGTON MORTGAGES LIMITED (A Company Incorporated under the Companies Aot, 1908). AUTHORISED CAPITAL £60,000. Divided into 60,000 shares of £1 each, now offered for Publlo Subscription, payable as follows:— 3/- per share on Application. 2/- per share on Allotment. l/« per Share per month until 10/- per share has been palfl, and the balance thereafter at such times as the Directors may think fit, but by oalls of not more than 1/- per share per month. PROVISIONAL DIRECTORS! BANKERSi Commercial Bank of Australia, S. S. DEAN, Company Manager, L t(li Wellington. AUDITOR: B. P. HAY. Barrister, Welling- O. *™**> ****•*. Wellton SOLICITORSi FRANK MBADOWCROFT, MAZBNGARB, HAT AND Company Manager, Welling- MACALISTBR, D.I.C. Chamt on# bers, 21 Brandon Street, Wellington. A. J. PBTHBRICK, Public Ao- JNTERIM SECRETARYi oountant, Wellington. 3 L ARCUS, F.1.A.N.Z., 126 W. M. WRIGHT, Oivll Servant, Featherston Street, WellingWelllngton. ton. -iTHB OBJECTS OF THE COMPANY are, inter allari. To purohase mortgagee at a discount. . To lend money at interest on approved seounty of real or leasehold property. 8. To do suoh other aots and things as may be m furtherance of, or Incidental to, the main objeots ot the Company. Increasing Demand for Second Mortgage Loans. It is proposed to invest most of the Company's funds m second mortgages. The demand for money for second mortgage loans has for a long time been considerable, and is increasing rapidly every year. Builders must be afforded facilities to enable them to finance construction, and thus keep pace with housing needs. Assuming that the Company purchases 7 per cent. Second Mortgages at a discount of 12% per cent, with one half of Its funds, and invests the other half on second mortgage at 9 per cent., the result should be sufficient to return to shareholders not less than 8 per cent. Free of Income tax, after providing for a reasonable yearly reduction of the Preliminary Expenses. When these expenses are written off, a higher return to Shareholders may confidently be looked for. There are no paid-up shares issued to Directors, Brokers or others. No person will have any share m the profits earned by the Company except m respeot of actual cash Invested. THE COMPANY HAS ACTUALLY COMMENCED BUSINESS, having gone to allotment a few days after registration, and a considerable amount of money has already been advanced to clients wishing to discount mortgages. DO NOT LET THIS OPPORTUNITY ESCAPE YOU Send for Prospectus TODAY ! ■iiiiiiimiiiiiiimiiiiiiiiiiimmiiiiimiimi iiiiimiiiiiimm COUPON , »'"»""'> ll ' , i' llim " 111 "" 1 " 1 Il111 " 1 "" "''"""""'I | To MR. J. L. ARCUS, F.1.A.N.Z., § 1 128 Featherston Street, Wellington. f I ■ " Please send me Prospectus and further particulars § | regarding Wellington Mortgages, Limited. | 5 H | NAME „.,..... .r.:« «-,.... | | ADDRESS .......,..: Ktm | ™nil|IIIIIIIHHHIMIIIIIIHIIIII!IIMIIMIIIIIIIimilllllllllll!M^ " 7 j^HIIIIIIIIIIM

_, .. -m me. TJORSES without pedigrees ■f 1 ! \kf j 1 ■ LX never become popular I hnVvAVinQ favourites. The best always XI VC f TVI WXO wins m the long run. Choose a Loewe Briar and you are Xy 1 U • smoking the most perfect pipe Ib/)Q ■ 11 VtSJ IT it is possible for skilled London U^OX LP I WXI craftsmen to produce. For 70 > years the Loewe has been ref *i f garded as "the best pipe of all " pnCrC / I *** m the Mother Country. Made XAJSuSi JmM, throughout by hand from the finest materials. DISTINCTIVE FEATURES Bowl cut from the heart of naturally matured briar root. Mouthpiece cut by hand from pure Para vulcanite. Weight and balance perfect, X-f^F "fT > tVBTBf? Solid Silver mounted. OOK tOr the LUr-VVL Complete pipe made by hand by J\Af\v\c ekilled London craftamen. fQHflitlllllllllW Write for Illustrated Booklet. L. M. BROWNE, BOX 555, G.P.Q., SYDNEY. N.S.W. )' ~ m^T i rn— wi— — — ii ■ ■■, G. McMILLAN & Co., Ltd. WINE AND SPIRIT MERCHANTS 50-52 CUSTOMS STREET E. - AUCKLAND Phone 42-754. Box 346. WE ARE SOLE AGENTS FOR :— Speight's Bottled Ale and Stout. Peter Dawson's Whisky and Burnett's 'White Satin' Gin 1 The National Bank of New Zealand, Limited HEAD OFFICE 8 MOORGATE, LONDON, E.C., 2. Subscribed Capital ...„ £6,000,000 Reserve Fund and Undivided Paid-up Capital £2,000,000 Profits £2,175,769 Secretary and London Manager Arthur Willis. HEAD OFFICE IN THE DOMINION — WELLINGTON .GENERAL MANAGER— — Q. W. MoINTOSH.