AUCKLAND LAUNDRY, LTD.
ISSUE OF 8% DEBENTURES The announcement is made by the Auckland Laundry, Ltd., of an issue of £25,000, In 8 per cent, debenture stock, which will be secured against assets of approximately £40,00. A limited number of shares is also available for public subscription. It is stated that at present business is so heavy that orders have to be refused after Tuesday in most weeks, and operations are therefore being transferred to a new freehold site of one and a-half acres. The present annual turnover is d 15,000, and the estimated net profit from the first year’s working of the extended business will cover the debenture interest twice over. After payment of interest and taxation, the balance available will largely exceed the amount required to pay a dividend of S per cent, on the public issue I of share capital. The-provisional directors arc Messrs. F. G. Baskett, J. E. Close, F. i M. Wlnstone, John McGregor, Ti. S. j Harrison and M. G. McArthur. The subscription lists will close on or before Saturday, June -TO.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19280616.2.38
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Sun (Auckland), Volume II, Issue 382, 16 June 1928, Page 5
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178AUCKLAND LAUNDRY, LTD. Sun (Auckland), Volume II, Issue 382, 16 June 1928, Page 5
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