Page 9 Advertisements Column 1

NZ Truth, Issue 1239, 29 August 1929, Page 9

ABRIDGED PROSPECTUS OF AUSTRALIAN WHALING COMPANY LTD. AUTHORISED CAPITAL - - - £750,000 (Divided into 750,000 Shares of _£1 Each) Bydney Mornins Heraldf 2nd M arch, THE famous Antarctio Explorer Sir . 1929 1 douglas mawson, writing m CAPITAL OFFERED FOR PUBLIO SUBSCRIPTION A RICH HAUL the Sydney "Sun" of 9th December, 415,000 Shares of £1 each, payable 2/6 per share on application, 2/6 < __ — 1 ■ 1 ?;/ p^?-i n - fl . , "% tt i?'--^ i^ per share on allotment, and thebalahce m- calls of 2/6 per whaler returns whaling industry m the Southern Seas, c '.\ , * \ , iU -X /wicnnn Wellington (N.Z.), and proceeds: ' • share at intervals of, not less than one month .. £415,000 Thursday, "A humb.r .f^oo^es hav.;ay V CAPITAL TO BE tSSDED AS FULLY PAID ' ' ' |^^*^ Sj^^S V^S." gross return of. £500,000 -a, year ; • . . -„-^ .-. . ...» ... . „ „'•■■ „!.;+;.,,, ~ .jcmuu.i.. *i,» m.. and pay dividends from 40 per 70,000 Shares of £1 . eadh; with deferred rights, will be issued as fully 3?n SJ KS c£ L r cent, to 100 per cent." / paid Up to the Vendors, as hereinafter mentioned. .. 70,000 ,has arrived at Paterson's Inlet, Stew- - , art Island. The officers report that the He further says that!— 485,000 Total Capital m process' Of issue .. .. .. .. £485,000 earlier, stages of the season were un- . : ■■-..■-. ■ promising, but later rich whaling • "Almost, at the doors. 'of Austra- : T • grounds were struck, and the crew lia .lie mighty stretches of sea Capital reserved for future iSS lie :— worked m 12-hour watches day and 4i» m ; n r. ' ,i#i«.k ,„..ui, ii s. #«« — y night m order to cope with the. large aTZ n.^ V;™:, «1 Uri Z 266,000 Shaxes of £1 each.. .. .... .. .. .. £265,000 y «**-.■■ tf ■■ . , .j» .. ... _______ The vessel departs for American ports age for Australians yet to be.' ■ on Tuesday. ' y -.* y: . *.-. -•■ ."■ - ;•■•■;■■ \ 750,000 £750,000 . - Application will be made m due courso.to have, the shares listed' on the Stock Exchanges of all Capital Cities in.the Commonwealth and the Dominion of New Zealand. Subscribers may pay for their shares m full on allotment or may pay the balance m advance pf'Calls m fiill or m part at any time. N All shares from date of allotment will rank for dividend proportionaNy to the amount paid up thereon, subject to certain restrictions on Vendor's shares. If the number of shares allotted is less than those applied for excess application money will be allocated to the amount payable on allotment. The balance, if any, will be returned -in full. Application money will be returned m full if n o. allotment is made. DIRECTORS: BANKERS: • v Sir ARTHUR A. C. COCKS, K.8.E., V NATIONAL BANK OF AUSTRALIA, LTD., 342-346 George Street, Sydney. Company .Director, 63 York Street, Sydney. . SOLICITORSMSIJB^S b HINKS ' InternaS -':, . . - 04WBBM. & CAMPB EMj , SCicito*/ '■ H Pitt StroetVsydney. 19 O'Connell Street, Sydney. 16 Barrack Street, Sydney. . AUDITORS: The Shareholders -'-will have the right to elect up. tb four additional Director's .on/ the STARKEY & STARKEY, Chartered Accountants (Aust.),- 16 Barrack Street, Sydney. Company Agoing to : - allotment. Applications may be^^ lodged^with -anymembfer^of-a recog- SECRETARY AND REGISTERED OFFICE: x nlsPd New Zeala;nd Stock' Exchange or with Mr. A. ■R. Brewery Dunedin, No. 4 , Stock- ■ tnew wrr IWK . x nised wew _* ce ™ naazQ ™^ a * u z^ "■,'."."..'-"-■ A.G. NOBLE, A.C.A. (Aust.), First Floor, Barrack House, 16 Barrack Street, Sydney. • -,n ir-^T-o /-,c? tub AiicTDAi iam vi/UAI INR COMPANY Ji"iiiiiiitiiiiiiiiiiiiiiiiiiiiitiiiiiiiiiiiJiiiiftiMi«iiiiiiiiiiiiiiiiiihiiiiiiiii»iiiiiifiiiiii«iitiiiiiiiiiiiiiiiiiiiiiiiiii»i<iiiiiiiiiiiiii»iiiiiiiiiiiiiiiiiii«^ The following tabulation gives the results of the operations OBJECTS OF THE AUbTRAUAN wnALi^.uumrniti, = I of four whaling Companies taken from the official figures of the LIMlTt.u. ■'■ = „.--. w«mTTWAm'raT^T>T>A\"EiTH.G ' '■■'§" Norwegian Stock 1 Exchange:— The objects of* the Company,, which': ; are ' set out m . full =. JSolxmAlAJLi JrJXUCIIo =,-.'''. Profits distributed Average ' detail m the Memorandum of- Association, are to engage (m = „ y , s Name of Company. *23. '24. '25. '26. per year co-operation with existing -Companies- or. otherwise) m the = .I.— NORWEGIAN BAY, WESTERN AUSTRALIA. = Companla Ballenera EJspanola. .... 24 46 56 56 45.50 p.c.p.a. business of whaling, and m other matters incidental to the . . ' = Whaling Co., "Sydhavet" 25 25 30 ,15 23.75 p.c.p.a. industry, including:— = After careful calculation; following upon a survey of | Whaling Co., ''Toensberg Hval' 1 .. 40 50 90 '50 57.50 p.c.p.a. (1) Pelarglc (open sea) Whallng^in Aptarctic, and Southern E all available data m connection with the costs of working | Whaling Co., Vestfold 20 30 90 40 45 p.cp.a. Waters. ' ~ ' I the Norwegian Bay Whaling- Station, the following profits, = , This shows an average rate 1 of dividend over the four years (2) Acquisition^and operation of ythe Norwegian Bay (Point = are estimated therefrom: — >h of approximately 45- per cent, per annum, which, m itself, should Cloates) Shore Whaling Station on the North-West '.= _■ Revenue:^ — = be sufficiently, convincing evidence of the remunerative nature | Coast of Australia. =■ ii °' the business. These profits are founded' upon much smaller I (8) Construction and operation of a- shore station on the . = Based upon the actual catches for several = catches th&h those obtained by the three vessels previously I / South Coast of New South Wales. •". I years past and allowing for. seasonal 1 | mentioned. m pursuance thereof to enter- into an, agr^me^ with^he J ■ y va^ic^, l^^stiri^^ five^un- | VENDOR'S CONSIDERATION. vendors to acquire the Assets and Plant mentioned m object = from Tun« fo-oA'ohPr^ i The Vendor Company will sell and transfer to. the Australian No. 2, and the results of their past investigations; their = w^t 1100 whales ' vieldine^ anproxi- 1 Whaling Company,. Limited, plant, fittings and*, equipment of right, title and interest In an agreement made with Mr. David •. ; J^telv 6417 'tn^ of oi Valued at i the Norwegian Bay Whaling Station, situated near Point Cloates G. Stead;, and -their rights and services m connection with the y =■ • -"J.*^ t "„l: I .^? n ° P ,^ ,vi„ a mmint« to £198 927 0 0 = on" the North-west Coast of Australia, as per certified schedules acquisition of certain lands on the South Coast of New South = an W2B f^r chasers caught 1036 whales S '■ i ' valued as a going concern at £110,150, together with an Wales. i- ' I Unia^i ur cnasers caugnt iuj«> wna ie s.y exclusive Whaling , license and lease for a period of fourteen An examination of accompanying data will show very = It may, therefore, be assumed that with = j'ears from January. 1, 1930, and expend a sum up to £9000 Clearly: s § by-products, a 'gross Revenue may be = m cash towards the flotation and preliminary expenses of the fl") The GREAT ATTRACTIVENESS of the whaling . =.■"■' estimatedof at least £200,000 0 0^ Australian Whaling Company, Limited. They will also transfer Industry from an INVESTOR'S STANDPOINT. = : . § the results of investigations for over twelve months and the (2) That" the industry is paying IMMENSE DIVIDENDS to § Deduct therefrom Running Expenses:— • i rights m connection with the acquisition of certain land on Companies 14,000 miles away from the scene of =* Wages, Lay (or Bonus) for Shore Station i the South Coast of New South Wales. operations; and .> „.'.'■§ and Chasers, Stores and Providoring, = „ he . Co , nsld «^ U ?^ °f the , ae assets, etc., is the payment to (3) That Australia, from all points of view, is exceedingly = Fue i ( Repairs and Maintenance of Vcs- I the Australian Whaling Development Syndicate, Ltd., of £50,000 well situated as the headquarters of a whaling c sels and Station. Depreciation, etc., = m cash, payable over an extended period, and on the terms company.. "/ '. = Transport, Loading and Discharge of = and conditions- set^forth m the agreement, and the issue of < ,„,yA : ,.,iu ß '^.i o » M v =* Oil and Guano, Office and Genera; Over- .= £70,000 shares of £1 Issued as fully paid-up. Certa n restricFINANCIAL PROPOSALS OF THE COMPANY. = , head .. .. 93,000 0 0= tions haye been placed on these shares as a protection to the ■ , • „ '" .„ . „,„: 'i«,i.«jiit«i^ fi v - tvtiuHt.p' = ....■>••■ i = - capital publicly subscribed m the Australian Whaling Company, . The Company proposes to acquire immediately five Whaling = . . • - T.imitPfi Gunboats or Chasers and commence operations as early as = Leaving an.^Estimated ■ Profit (subject = rnMMBMrcMBWT nc nDco»TiAw« 'possible &t the^Nonveglan Bay Whaling Station, on the North- | ; to Income Taxes) of £107.000 ..0 0 | COMMENCEMENT OF OPERATIONS. West Coast of Australia, WHICH HAS BEEN SUCCESSFULLY = - • •-.,-' •■**■!, = Much of the preliminary work has been done by those OPERATED FOR SEVERAL YEARS PAST. • § Immediately upon the close of the season m Australian g connected with the Company, with a view to commencing Simultaneously the necessary steps will be taken to secure = Waters (say, June to October), the Chasers would be utilised, = Australian operations at the Norwegian Bay Station, Northa. suitable vessel ""of about 12,000= to 14,000 tons oil capacity •■ ■ | with the Factory Ship, m a voyage to the Antarctic and | wes t Australia, next season, thence working southward into ?wMch is the average .size of the largest boats engaged, and ' I Southern Seas for the whaling season there, from October = Antarctic waters at the end of the Australian season, and would nrovide for a capacity of up to 80,000 barrels of oil), = to February. Certain expenditure has been already provided = In the following year undertaking operations m the vicinity of for conversion into a Whaling Factory Ship. This will be- = on an annual basis -in the foregoing statement, and this has | Jervis Bay; New South Wales, fully eauiDDed- m the most modern manner as a "Mother Ship," = been taken into account when estimating the result antici T = and^utilised T with chTs^s ™6r whaling . m the Antarctic a^nd | a 1 MINIMUM SUBSCRIPTION AND ALLOTMENT. Southern' Seas 'at the close of-the season m Australian, Coastal | -" = Tt is the opinion of those connected with the^Company that Waters. ' ■-. ,„ , . . ,' = , 2. — ANTARCTIC AND SOUTHERN SEAS. = \ operations at Norwegian Bay should not be undertaken until' Immediately upon the construction and establishment of g i at least £75,000 is subscribed, and the Directors, therefore, the Shore- Station .on the South CoasU of New South Wales, = Based on the actuai catches of whales = will not proceed to allotment until 75,000 shares have been the fleet of chasers will be suitably increased to meet the during the past few years by Norwegian ' = applied for. ...'-..' extended. operations. - - • = vessels which each year, have returned = In the event of the Company proceeding to allotment on ii-fiiieA-rirtM ftir raoiTAl QIIRQCRIBED I with full cargoes within Uie season from I p.OOO shares, only £30 000 of the Vendors' consideration will UTILISATION Or i/APII AL suoovniDCO;- = Antarctic Waters.lt is estimated that . = be paid over a period of not less than eighteen months; thereAfter careful consideration • the estimated cost of , the. pur- ' = the value of one "cargo only of at least 1 after, the balance will be paid, haying due regard to the receipts chase and fitting out of a suitable fleet of vessels and of other § 70,000 barrels of oil at present market s of capital, so that the operations of the Company are not unduly , capital outlay has been, assessed "as follows: — ... > . . = - .price of £31 per ton: would -yield ap- , • = impaired by the alienation of working capital. 1-4-Qstimated Capital" ' outlay by '• Company '-In- order to' .1": • proximately £360,000 0 0 | FILL IN, OUT OUT, POST TO-DAY. ' operate the Norwegian Bay (Point.. Cloates) Station:— | Deduct therefrom:— I *un.m,.vM* wm, iv»* lu " n1 ' Five Whaling Gunboats or Chasers' i Estimated Running Costs and Working | j completely stored and! equipped = Expenses, including W^ges, Lay (or" = APPLICATION 'FOR SHARES I ready for Whaling..... £110,000 0 0 "i Bonus), Providoring, Coal, Fuel, Oil | ftrruu«nuw run onMnto. Cash to be paid over an extended period = stores, Repairs and Renewals, Depreci- = AUSTRALIAN WHALING COMPANY LTD. I - to the Australian Whaling Develop- § ation of Ships, Insurance of Ships and | [ ment Syndicate, Ltd., as part consid- = Cargo, General Overhead, etc. 175,800 0 0= (Registered under the. Companies Act, N.S.W., 1899.) | eration for -the purchase of the Nor- = : = To the Director, wegian Bay Shore Whaling Station = Leaving an Estimated Profit (subject to | Australian Whaling Company, Limited. and- Plant as per Inventory and § Income Taxes) from one cargo only = t rwrn^t mii m allot me q| iarp c agreements 50,000- 0 O I from Southern Waters of £184,200 00= „ f it SL y ?^c ni i^l ' » TtZZZ ■ Zt,a Tmnm««monta tn niioli - • = - °f *1 each m terms of the Company s Prospectus dated Plant ; ?..^ ..;... y?!^? .'..:... ... 4,000 0 0 1" .' The Estimated Profit, therefore, from whaling m these I Ju] y 15 - ° ne thousand nine hundred and twenty-nine. Part Working Capital, : establishment, = two areas amounts to £291,200 (subject to Income Taxes). = I enclose herewith the sum of (£ ) expenses, etc. ........................ 26,000 0 0 i= ' These statements do not include any estimated additional = - being Two shillings and sixpence per Share on application. . ' i ' = Profit from .Whaling on the Eastern s Coast of Australia, h I undertake to pay a further sum of Two Shillings .-.■•" . ' £190,000 0 0 | Upon the construction of the Eastern Shore Station the num- = and sixpence per. Share on Allotment and to pay the o uAHUno) mtti«w linnn oxtprnslon of oDfratlons to '-'■-■ ber of- Chasers will be adequately "increased and utilised -there = balance on the Shares m accordance with the terms of A^t^«o !„T Southern Waters- extensl on , oi operations io during the months of June to October, while the remaining | the Prospectus. , ' fl Antarctic ana couinern waters. Chasers operate at Norwegian Bay Shore Station, Western = I agree to accept the said Shares or any smaller | Estimated Cost of one (1) Floating = Australia. 1 number that may be allotted, to me, and I authorise you | - Factory Ship, Including cost of acqui- | = to register me as the holder of the Shares so allotted to sition and fitting out as a Whaling 5 A conservative estimate, based on actual trials off the = me. . Factory and "Mother" Ship* for § Eastern Coast, shows that a further Profit to the extent of = _ T T chasers;... .' £175,000 0 0 = approximately £80,000 should result m oil alone from opera- - I FFtv ta yl whoVi^r atV "ii™ 'Ar'iii** Part Working Capital and Establishment, | tions on the South Coast of New South Wales. | (State whether Mr., Mrs. or Miss.) etc. .-.'......' '.....-' ' 50,000 . 0 0 =■■'"■ .r . . = A'nnßTr't;^ iw tttttT, 1 1 1 1 1 1 1 1 1 1 1 [ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ■■■ 1 1 > 1 1 1 1 1 1 1 1 1 1 . 1 1 1 1 1 1 1 1 ( 1 1 1 r 1 1 1 1 1 1 1 r 1 1 1 1 1 1 1 ( 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 r 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 f 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ( 1 1 1 1 1 1 1 [ 1 1 1 1 T 1 1 1 1 1 T 1 1 1 1 1 1 1 1 P£ Auunjjoo .m x uxju £225,000 0 0 ; .y- (rsame ot wanK.j i The total Capital required on the abovey' * ■"-• -GENERAL MANAGEMENT. OCCUPATION basis for the combined schemes of ,-■■■*■ - ' " .' . - ' „ , . . . Norwegian Bay. Western Australia All matters of vital importance, such as the purchasing, out- SIGNATURE and the Antarctio aggregates £415,000 0.0 fittings of the ship, etc., will receive the utmost consideration, and which amount Is now offered for public subscription on wjll only be placed m the control of those who, by their experience, Dated the I day of One the conditions set out.' are the most capable of handling them. . ... .. , thousand nine hundred and twenty-nine. Subsequently a site on the Eastern Coast of New South Regarding general labor to be employed, the Company would Application to "be lodged at the office of A. G. Noble, 1 Wales will be equipped as a flttlng-out and laylng-up station at the outset follow closely .upon the lines of other ventures m these , A.C.A. (Aust.), First Floor, 16, Barrack Street, Sydney. I and as a complete Shore Whaling Btatlon handling all. products, respects, employing , experienced Norwegians m the key positions, All cheques to"* be made out m the name of the I including oil, fertilisers, skins, whalebone, spermacetti, meat- where long experience is. requisite, thus proceeding upon definitely Company and- crossed "Not Negotiable." I meal, etc. ' ' proved lines. ' - ■ ; ; • ' I aM^ HHHaaa^ HB _________ HH __ a _ MHHH^i aaaaHH pa-_---__--^^

f y -1 W^fcyA H ■■^T INSURANCE £z ! ■"'ABP?i"^t vßk J 1 your The Nationa i Bank of New Zealand, Limited C-IH^^^HbL wIHH.^P' I? UI7TTM A TIQIMf f Subscribed Capital £6,000,000 Reserve Fund and Undivided VH^KH£#^ wBBBBF A II DU lfl A llOifl 1 Paid- up Capital £2,000,000 Profits £2,155,154 ' tk IS froTl%vo?dl?fu^ HEAD O'FFIU£ IN THE DOMINION — WELLINGTON ~^sa^F -j5 widely known as GENERAL MANAGER ': J.T.GROSE. ■ jmm "W U i */ * ,^*-^*> V l!//\ ~~ ♦ I mwm-W^. '^*k. ■ / V^r X A P roven -remedy. 'for Rheumatism, n^ l '^^ l^M^ l^.^^^^ l^Col^^o't^^*''^i^K a^ot^^«Bk.^^^^*^.^ I ™IT"^^* I f \v~ -X Sciatica, Neuritis, and. similar ail- BJfaBB~BELWBBBKWBBBBKLMMMBMMM."LM«MBM B ■ ■ _ Vi . ..-■'^ '■«■'. A cupful night and morning keeps I*! 1 «ftf A IJ| th^system free from Uric Acid flftftg MEN ! KEEP DRY IN fl I E^&d #n If Vnliß^ I On receipt of name and address and /^IVTC /M TD ■ ll%fß -Tm -JP *J fl LJfflLli a- penny sta*mp a FREE TRIAL ffISS-'JP^* B^^ UIN-JCi VJ.T UUK 111 IV %^ ■■■ ■JT " ™"^" w PACKAGE and TESTIMONIALS __W^X y,..,,,.^ ,-. . T rririri/\r.r /^/\it/i in.o*e r wo r a s -''if« la sfita S V5 a ;«ar V to J^^^^^ h^ ortart ;. . H '^ , CANVAS WATERPROOF COATS mortal man— or mortal woman— WO uld not be without them m this _, xmporieis.. m_____f — ■ f- ** - can feel I've sot ' that Kruschen Aouse. Wishing you the best of THE HERVEA AGENCY CO. _\M_\___\ -d£m% t& Cl-tlit^ ca^u Feeling/" y ■ < W", r v on, a (of N.Z.) K^SL T 13// O EACH I'vepinnedmyiaithto'theMittle >^.^^ Jtt-i-: 4 Gloß^ Slr «^ Christchurch. The weather is bound to. continue as it . t^Jff rti^llSffSS Kruschen gently stimulates, the I ■^• //^ «tC^» l!^^ -or^^'cS^^Se^ IS thatl feelas if. 1 COUIU pusn ofgans of elimination t0 healthy, , -•• ■ . ~ A^BofefSA Coats. Don't worry about size for we a bus over. ' rpwiilar action It assists the liver W „^TI /\ mHnW can fit everyone. These coats are quaM«' t. t. v V^'ftil U i"??^ j d™!^ ' '"I DII DTI IDC S9s^ yZ^MWkW* ranteed. Mail orders sent by return mall. Now why shouldn't you feel just an a kidneys, and keeps the system - .^li|C-Ur'J ulvt'lMW - V^SEk We pay postage. . . /. as fit as she. does ?y Why. should y thoroughly fr ee from waste matter. 1 *. . « f^^^» \[MWak -„.---. you be suffering from rheumatism ;i t sen( j s new fresh blood coursing [j /g UanqerOUS . 'ffla^yy E-fl/^'Tk 1 lft"l_^ or getting tir^ or- yfeeling^ flat through the ve^ rll ILP flH 4 when one farthings worth^^or Krus- an^^^ heartiness to the whole body. .1 *? r ho w.siight. should . '^^pk if -'. lfl Ifl^Jrjfl /J____l chen a day will make so much y ;-- - y -.. !■' Swiwroved^r ?Sshion^S //: TOTtt/f% < c difference? ' ■ __ Ia "'_*_ -¥* )1 -is the latest scientific discovery for X * JlgJlC<Ly» /i/f ■*'■■' *rm^ Wa ■■■ ■-■ It this complaint,- and is guaranteed to « "^-^.^imA . ..^ /*Wj ■ &^f y-f/^yS^Mp l 1 '-'. / 5b!J titfW SS^ d »?» V .o.cu^.^^uV^^^ Jfte^^ 7^o^ 3 o,^^ :^|^ f_ : ; ,■'■•■ *V^ - tO Kruschen SaltS* lam not half f M-*~. .. , | I W : ,- » that we send out. Write at once for U Branch : P™*™ Sire.-'. W.i<-n*l~n. her ace and I can assure you J * «^WBfV^ J free illustratld catalog.. {( ajiWMMmmmmxammWmmWSmmMWMMmmMMaVMWMMWKii IHI lilll ncr age, ana l can assure you * // wiNSLOW&co.,io4Que»st.,Meibonme,v. V jjgBHBWBHBPBMMBBMgBMBBMBB^^ feel like a two-year-old* In fact 1 price 2/6 per bottle at a u chemists ud j j/yy ■■--■■ m\ ■ --T| ', y'l~ ii V &*'**MW*^^*'**& mit *0 m **6^*^P*QP^o''^&*mo*+mm*'^M&*^P m could push d 'bus ow, Kruickm sjotWji^u|hottiN«> z«Und lyiy?: • c=i-^ r .