Page 13 Advertisements Column 3

Sun (Auckland), Volume IV, Issue 989, 4 June 1930, Page 13

Important Announcement! VOCALION DIRECTORS: RENZIE RICH, Esq. (Chairman & Managing Director, Bebarfalds, Ltd.), Chairman. CHARLES LESLIE KEMPTON, Esq., C.B.E, (Managing Director, Vocalion (Foreign) Ltd., London; Director British Automatic Gramaphone Co., Ltd,. London). (AUSTRALASIA) LTD. Manufacturers of granuphones, gramaphone records, portable gramaphones, and all-electric combination radio-gramaphone sets, has purchased the business of Vocalion (Foreign) Limited, a subsidiary company of the Vocalion SIR JOHN BUTTERS, K.C.B. Director Associated Press, Ltd. Gramaphone Company, Limited, of London, and is about to issue— DIRECTORS: A. G. Do L. ARNOLD. Esq., LL.B. Solicitor, Sydney. JOSEPH SOLOMON EMANUEL, Esq. (Managing Director, The Reliance Loan Mortgage and Discount Corporation, Ltd., Auckland. New Zealand.) WILLIAM V. WORTH Esq. (of Chambers, Worth and Chambers, Public Accountants, Auckland, New Zealand). 50,000 8 per cent. CUMULATIVE PARTICIPATING PREFERENCE SHARES of £1 each (Participating with the Ordinary Shares up to 10 per cent.). AND 400,000 ORDINARY SHARES of 5/- each (Full details of which issue will appear in this paper on' June 7th.) OBJECTS OF THE COMPANY. —Vocalion (Australasia) Limited, has been formed to acquire the already established business of Vocalion (Foreign) Ltd., situated at 49-59 Coppin Street, Richmond, Melbourne, Victoria, including plant and machinery, and to carry on the business of manufacturers and distributors of gramaphones, gramaphone records and radio sets. THE VOCALION RECORD.— The Vocalion Record is already highly popular amongst music-lovers in England and Australia, and when the forward policy of the Directors to reduce the price from 4/- to 2/6 becomes known, this popularity will be materially increased. THE VOCALION FACTORY—ANNUAL OUPUT CAPACITY 4,000,000 RECORDS. —The company’s factory is centrally situated in Melbourne and is a large modern brick building which houses plant and machinery capable of producing 4,000,000 records per annum. The lay-out, complying with Australian conditions, offers every facility for the production of gramaphones, gramaphone records, and radio sets equal in quality to those produced by the Vocalion factory in England. MANAGEMENT. —The services of Mr. CHARLES LESLIE KEMPTON, C.8.E., Managing Director of Vocalion (Foreign) Ltd., have been secured as Joint Managing Director, and he will arrive in Australia early in June to take up his duties. Mr. MAURICE ROSENTHAL, for many years associated with the successful distribution of gramaphone records throughout Australia, and recently Joint Managing Director of Picot Rosenthal Pty., Ltd., will join the Company as General Manager. Mr. CHARLES GENDLE, originally sent out to Australia by the Vocalion Gramaphone Co., Ltd., to establish and control the present factory, will join the Company as Production Manager and Technical Expert. Sectional experts have also been transferred from the Vocalion Factory in England to the factory in Melbourne. RECORDING STUDIO. —The large recording studio the company is situated in Melbourne and is thoroughly equipped with the latest apparatus for recording every type of music and sound by the Marconi Process of electrical recording, operated under an exclusive licence from the Marconi Wireless and Telegraph Co., Ltd., London. SHARE VALUES of Gramaphone Companies as listed on the London Stock Exchange Vocation Gramaphone Co., Ltd. Ordinary 10/- Shares. 1927 1928 1929 £ 2/9/10$ £4/15/7* £3/16/3 Net Profits. £1,715 £96,627 £95,437 1926 9/10* No Trading (His 1929 £l6/5/£1,146,000 The Gramophone Co., Ltd., Master’s Voice). Ordinary £1 Shares. 1926 1927* 1928 £3/9/3 £9/17/6 £ls/2/6 Net Profits. £338,000 £780,000 £1,132,000 Columbia Graphophone Co., Ltd. Ordinarv 10/- Shares. 1926 1927 1928 £2/19/9 £7/12/6 £22/7/6 Net Profits. £150,826 £180,442 £491,325 The average dividends paid by the three gramaphone companies listed above have been during the last three years, not less than 40 per cent, per annum. 1929 £lB £505,121. So far as the Directors of Vocalion (Australasia) Ltd., are aware, this issue is the first opportunity ever given to the people of New Zealand and Australia to participate in the profits of a successfully established gramaphone record manufacturing company. PROSPECTUSES and Forms of Application may be obtained from CAMPBELL PATERSON SHAREBROKER 38, SHORTLAND STREET, AUCKLAND Or from any Registered Sharebroker.