Page 7 Advertisements Column 1

Otago Daily Times, Issue 26639, 9 December 1947, Page 7

“THE COMPANIES ACT, 1933.” (A copy of this Prospectus was delivered to the Registrar of Companies at Auckland for registration on the 22nd day of October, 1947.) AUCKLAND GAS COMPANY LIMITED NOMINAL CAPITAL - £750,000 Divided into 1,500,000 Shares of 10/- each ISSUED CAPITAL - 944,157 FULLY PAID SHARES 241,078 PAID UP TO 5/PROSPECTUS Offering Perpetual Debenture Stock for Subscription ISSUE OF £508,658 —4! PER CENT. PERPETUAL DEBENTURE STOCK The Company invites applications to the amount of £508,658 for the above Perpetual Debenture Stock, which wili ’bear interest at 4i per cent, per annum, £5 per cent, of amount applied for will be payable on 'application, and the balance on or bdfore January 1. 1948. Applications other than from holders of existing Perpetual Debenture Stock who desire to re-invest their capital in this new issue, must be for a minimum amount of £SO. The Debentures will be payable to the registered holder and will be transferred by duly registered transfer on the form prescribed. The Debenture Stock will be secured by a floating charge on the undertaking of the Company and all its property present and future, subject, however, and next after payment of the debts of all other creditors of the Company whether secured on unsecured for the time being outstanding, and will carry interest at the rate of 4J per cent, per annum, payable half-yearly on the Ist day of January and the Ist day of July. The first half-year’s interest will be paid on the Ist day of July, 1948. While the share capital of the Company has remained the same for many years, it was reorganised in April, 1940. with the confirmation of the Court, by reducing the shares from £1 to 10/- shares, by cancelling certain shares that had not been taken up and by issuing to shareholders Perpetual Debenture Stock (to a total sum of £592,617/10/-) for such amounts as would otherwise have been returnable to them on the above reduction. The money to be raised by the issue of the Debenture Stock now offered for subscription is to be used in redeeming the balance outstanding of the Perpetual Debenture Stock issued on April 22, 1940. No shares or debentures have been issued or agreed to be issued withiD the two years preceding the date of this prospectus. The Company will have the, right to redeem at par at any time, and from time to time, after January 1, 1958, the whole of the stock or any portion thereof on giving three months’ notice and in the manner provided in the Trust Deed referred to in this prospectus. In addition to the right of redemption mentioned above the Company reserves the right at any time and from time to time to purchase through Stock Exchanges or privately, any portion of the stock available for purchase and in ■ such case the price to be paid will be the market rate ruling at the date of such purchase. The auditors of the Company are Messrs. J. F. Buddie and Son and Wallace Bruce. Duthie and Voyce. of Shortland Street. Auckland, Public Accountants. The following is the report of Messrs. J. F. Buddie & Son and Wallace Bruce, Duthie and Voyce, the Auditors, as to matters prescribed by Clause 1 of Part 11. of the Third, Schedule of the Companies Act, 1933: [COPYJ AUCKLAND. C.l, 14th October. 1947. We hereby certify that the profits earned by the Auckland Gas Company Limited for the three financial years immediately preceding the issue of this Prospectus were as set out below:— For the year ended 31st December. 1944 £92,626 13 11 For the year ended 31st December, 1945 £83,039 11 2 For the year ended 31st December, 1946 £56,096 2 6 Class of Shares in the Company in respect of the above three years are as set out below: — Year ended 31st December, 1944: 944,157 Ordinary Shafes 10/- each (fully paid) £472,078 10 0 241,078 Ordinary Shares 10/- each (paid to 5/-) .. ■ . .. .. £60,269 10 0 £532,343 0 0 Year ended 31st December, 1945: 944,157 Ordinary shares 10/- each (fully paid) .. .. £472.07810 0 241,078 Ordinary Shares 10/- each (paid to 5/-) £60,269 10 0 ' £532,348 0 0 ‘ Year ended 31st December, 1946: 944,157 Ordinary Shares 10/- each (fully paid) £472,078 10 0 241,078 Ordinary Shares 10/- each (paid to 5/-) £60,269 10 0 £532,348 0 0 Dividends paid in respect of year ended 31st December, 1944 Dividends paid in respect of year ended 31st December. 1945 Dividends paid in respect of year ended 31st December, 1946 No accounts have been made up in respect of any period since the 31st December, 1946. J. F. BUDDLE AND SON. WALLACE BRUCE, DUTHIE AND VOYCE. A commission at ordinary Stock Exchange rates, but not to exceed 1 per cent., will be paid to brokers, banks or solicitors on all Perpetual Debenture Stock allotted on applications forwarded by them (other than applications from holders of existing Perpetual Debenture Stock to reinvest the money due to them from the redemption). Failure to pay the balance of the amount applied for on or before January 1, 1948, will render the allotment liable to cancellation'' and the previous payment to forfeiture, but the directors shall have the option of enforcing the contract, in which case the applicant shall pay to the Company 5 per cerium per annum for each day in which he is in default. Applications for this issue of Perpetual Debenture Stock open at 9 a.rn. on Monday, December 8, 1947, and will close at such time thereafter as the directors at their discretion may determine, and the forms prescribed should be filled up and sent to the Company at its office, 26 Wyndham Street, Auckland, accompanied by a deposit of 5 per cent, of the amount applied for on or prior to December 8. 1947. Applications received by post will be considered to be in time if bearing a New Zealand Post. Office date stamp prior to the closing time fixed by the directors. Holders of existing Perpetual Debenture Stock who desire to make application for reinvestment of the proceeds from their redemption in the new issue can do so by signing and stamping the attached order on the Company to invest the money due to them on December 31 in the Jamiarv Ist, 3948, issue of new Perpetual Debenture Stock. Such an order will be legal only if stamped with a 2d stamp and initialled. In the event of the issue being oversubscribed, whether in respect of applications by holders of existing Perpetual Debenture Stock or other applicants, allotment will be by ballot. The charge referred to in this prospectus in favour of this issue of Perpetual Debenture Stock is set out in a draft Trust Deed which has been settled and approved by the directors of the Auckland Gas Company Limited and by the Trustee ’ and which for purposes of identification has been initialled by the Chairman of Directors of the Auckland Gas Company Limited and by the Chairman of Directors of the Trustee and may be inspected during ordinary business hours at the registered office of the Company or at the office of the Company’s Solicitors, Messieurs Buddie, Richmond and Buddie. 6 Wyndham Street. Auckland. There are no material contracts requiring disclosure apart from the draft Trust Deed referred to in the preceding paragraph hereof which being a draft is undated and is proposed to be entered into between this Company and The Guardian Trust and Executors Company of New Zealand Limited as Trustee and which may be inspected as already mentioned during office hours at the registered office of the Company and at the Office of its Solicitors. Messieurs Buddie, Rich-, mond and Buddie, 6 Wyndham Street, Auckland. The consent of the Minister of Finance has been obtained to this issue of Pereptual Debenture Stock. Dated the 22nd day of October, 1947. By order of the Directors, R. WORLEY, General Manager and Secretary. 26 Wyndham Street, Auckland, C.l. Further particulars from local members of the Stock Exchange.

m £ 1 A. Men’s Fawn Check Camelhair Buckle Boots. Leather soles with felt middle las illustrated). Also pump soles 15/11 E. The cosy “JULIET.” A super quality SLIPPERBOOTTEE in coloured suede with thick wool lining (as illustrated). 31/6 Leather sole and Cuban heel. In Red. Blue, or Wine. GIFTS GALORE HARRIS' Same quality and colour in Men's Plain TAB SLIPPERS. Mail your order if you cannot call. Please enclose postage (8d) and state second choice in case first is sold out ?• o B. LADIES' SUPER QUALITY COLOURED FELT “COSY ” SUPPERS Padded sole and cushion heel. Wool collar (as illustrated). In Blue, Wine, Red, Black, Rust, or Saxe. Dutchboy Toe. 12/Also a similar design with Cuban heel. 12/6. 1 C. LADIES’ BLUE. RED, BLACK, OR GREEN MOTTLED FELT SLIPPERS: Leather toe cap (as illustrated). Padded sole and Cuban heel. • 11/6 D F. LADIES’ LACE “ CRUISING ” SHOES iD Tan leather with Fawn moccasin vamp design. Smartly punched (as illustrated). Crepe sole and heel. 23/11 Also in Fawn with Tan, or Tan with Green, or Grey with Blue. Same in Suede with flexible leather soles in Fawn with Red trim, Rust with Mustard, Wine with Saxe, or Royal with Saxe. 21/6. D. HOLLYWOOD WEDGIES make ideal gifts I Smart / coloured calf ankle-bar _ shoe. Toepeeper design (one design illustrated). Good height wedge heel. Tan and White, or Blue and White . combina-' tion. vis® 38/6 Also in Tan and Fawn or All White Calf, 43/Alsu in All Blue or All Black Kid, 38/ G. CANADIAN FLEETFOOT *’ CONNIE.” The smart casual you have been looking for, for that holiday outfit A dressy White Linen step-in court with Red or Blue platform and scoop wedge heel. Rubber sole. Multi-coloured elastic saddle (as illustrated). Also in All Red. 26/3 W. HARRIS & SON LTD The Footwear Specialists—Seven Shops—Dunedin.

MONEY in your own backyard! There are over 100,000 empty cordial and soft-drink bottles lying idle in Dunedin homes —and all of them worth spot cash. Help alleviate the acute bottle shortage by recovering the bottles in your backyard. Return all those empty LANE'S CORDIAL BOTTLES • . . and make certain of ample supplies of soft drinks and cordials this summer. Phone your nearest bottle-dealer, or send them to your retailer All types and sizes of bottles accepted. On - the - spot cash payments. /