Page 10 Advertisements Column 2

Sun (Auckland), Volume III, Issue 822, 16 November 1929, Page 10

The Investment of the Year Is at last open for public subscription and the full Prospectus is available. STADIUMS S. (Authorised Capital - £100,000) Offers £IO,OOO of Bi% first, mortgage debentures And a Limited Number of Ordinary £1 Shares Both Shares and Debentures are being rapidly subscribed, over I 0,000 Shares having been applied for during the past week, and a number of Debentures booked in advance. Full details of the Company's particularly attractive proposition are set out in the Prospectus and much information will appear in the Press owing to the general interest in the Company s objects in providing the Public with what the Dominion's chief cities need so badly, but from the Investors viewpoint it may be specially noted: That the Proposition is believed to be a very sound otic and has been very carefully considered and conceived and only brought into existence after lengthy investigation by Experts. It can be regarded as likely to turn out one of the most profitable ventures of recent years. THE DIRECTORS ARE THE HON. ERNEST EDWIN TOWNSHEND, of Auckland, Gentleman. THOMAS ALEXANDER HOLDSWORTH. of Auckland, Company Director. WILLIAM EDWARD GRANT, of Auckland, Retired. JAMES SAMUEL DICKSON, of Auckland, Merchant. SYDNEY ELDRIDGE KENNINGS, of Auckland, Consulting Engineer. THE BANKERS ARE THE BANK OF NEW ZEALAND. THE SECRETARY IS R. A. SPINLEY, F.P.A. (N.Z.), F. 1.1.5.. Public Accountant and Auditor, British Chambers, High Street, Auckland. THE SOLICITORS ARE MESSRS. EARL, KENT, MASSEY & NORTHCROFT. Special Features SECURITY: First charge upon the -whole of the assets of the Company being a fixed charge on the freehold and leasehold lands of the Company, and a floating charge on all its other assets and property. SAFE MARGIN: At no stage of the Issue -will Debentures be allotted for an amount exceeding 60 per cent, of the total value of Shares and Debentures subscribed. of Debenture Issue. INTEREST Is at the rate of 81 per cent, per annum (free of Income Tax), payable half-yearly. Interest commences at once on amount paid. SINKING FUND: The Company must provide a Sinking Fund by an annual payment sufficient to pay off the Debentures to be issued by the 31st January, 1958. The Company has no right to pay off before that date. It is the intention of the Company to apply for leave to list its Shares and Debentures upon the Stock Exchanges in New Zealand By Investing in STADIUMS (N.Z.) LTD YOU WILL BE Assisting in erecting handsome modern Public Buildings, which will not only add to the architectural beauty of your Cities, but supply for your and the people’s use something which nearly every large City in the World possesses, and which is entirely lacking in NEW ZEALAND. YOU WILL BE Providing the most ideal conditions under which Public Entertainment and clean healthy indoor amusement can be held. YOU WILL BE Owning, Managing, and Controlling the business and building yourself as a Shareholder, for it must be remembered this is a Public Company, whose Directors will be elected by the Shareholders. YOU WILL BE — REAPING PROFITS MADE ON THE SPORT AND ENTERTAINMENT OF YOURSELF AND OTHER CITIZENS FOR YOURSELF, AND NOT ALLOWING THEM TO GO OUT OF THE COUNTRY OR INTO THE POCKETS OF A SMALL GROUP OF INDIVIDUALS OR SYNDICATES. Prospectus may be obtained from the Secretary or from C. J. GREEN SHAREBROKER. BANK OF N.Z. CHAMBERS. SWANSON STREET. AUCKLAND, ielcphone 42-499 Applications for Shares or Debentures may also be made through any duly licensed Sharebroker