Page IX Advertisements Column 1

Taranaki Daily News, 14 August 1920, Page IX

tSSUE OF 10,000 ORDINARY AND ( 10,000 6J( Cumulative Preference SHARES OF £1 EACH Booth, Macdonaid 8 Co. Ltd. • (Registered, under the Companies Acts), ILUfUFACTUSIHO BN6IHBERS, MAKERS AND IMPORTERS OF FARM MACHINERY. HEAD OFFICE AND WORKS: CAftLYtf'fMPttMEVbUto MACHINE WORKS. CHRISTCHURCH. , 4nUmrtw4 ...... .£200,000 Ordinary •Capital, paid up. £68,245 - Reference Capital, p?id up £77,003 ;v s , , in mm'[£l7,62l * DISTRIBUTING BRANCHES: Jbifairtou *"' Auckland sk.Hi.pi Tdarterton ' New Plymouth Palmerston North Timaru v BOAftD OF DIRECTORS: GEO. T. BOOTH, Chairman and Managing Director. , SIR QEO. CWSfORD) Bart (Chairman of Directors, Canterbury Frozen Meat Co.) J. A.PANNETT (Chairman of Directors, N.Z. Farmers' Co-operative Association) HUGO FRIEDLANDER, Auckland. J. W. HARDING, Waipukurau GEO. M. HALL, Sales Manager * PETER TROLOVE BROKERS: , , ' Aoy HeaAer of the Associated Stock Exchanges of New Zealand. BUSINESS AND ASSETS OF THE COMPANY. Booth, Macdonald ft Co., Ltd., are engaged'chicfly in the manufacture and sale «f fum machinery. The firm's Ploughs, Harrows, Windmills, etc., are at work on ttoMWda ofe|am» from.the North, Cjape to.the Bluff, helping to produce food and ' dotting fer 4iie -world-* And they are pourjng out ol the factory and depots at fbe iwte of thousands per yew. The headquarters are in Christchurch, and occupy time acres of land, while the firm has freehold or leasehold premises in ten of the principal distributing cities apd towns throughout the Dominion. . In addition, the firm controls the sole New Zealand Distributing Agency for a- number of widely sold machinery and other /lines... Booth, ft Co., Ltd., specialise also in the cupply of machinery for Mid and similar purposes, and to that end have personally and. periodic «Ey searched the markets of the world for the most - improved machines and methods. Its efforts to serve and assist local governing bodies in their plans for opening up inaccessible,country and improving transportation facilities by the conftructioa gad maintenance gf good roads are appreciated. ' T#« ftlldwing figures show how the assets have increased in the last five; years; . - Freehold . Plant, Property. Took, etc. Stocks. Total Assets: £ £ ■: , & £ . 1914 £1,246 16,200.. 61,863 . 132,046 1919 ........ 43,424 30,149'. 127,250 Increase £22,178 ' r £e5,387 £143,976 Properties are taken at book values, after annual depreciations have beeh 'piUlW'lif Preseiit market value of' properties ]iitiisveral thousands of pounds lyriter. The same applies to plant. 'lf is maintained id perfect running order at the expense of current revenue. In addition, substantial amounts havo been written on annually for depreciation. Booth, Macdonald & "Co., Ltd., have the finest pftmt of its kind in the Dominion, and it is safe to say that it could not be replaced today {or less than double ths "amount stated above. * Stocks we taken at cost price or. less, and, in many cases at considerably less than present market values. y J . j flil# total assets sue sufficient to pay off all liabilities (exclusive of capital) • tMw times over. . Booth, iforflniiaifl & Co. Ltd,, have never missed paying a dividend. Dunng the CMR&fUQr'e existence it ha* paid out £93,406 to shareholders in dividends. ' GROWTH OF BUSINESS AND PROFITS. lit* following figures #how that the turnover of the business has increased five-fold since 1900,' and the net profits have kept pace;— lit'l9oo the sales amounted to £29,760 and the net profits to £1,605 In 1906 the sales amounted to £60,805 and the net profits t0'£4,248 • Itt ISIO the Bales amounted to £80,812 and the net profits to £6,026 & 1916 thesales amounted to £108,857 and the net profits to £9,083 . TP tflifl the s&les amounted to £156,903 and the net profits to £12,899 PROSPECTS OF COMPANY. Commenting on tlfe issue now offered to the public, Mr Geo. T. Booth, Cha/irttan and Managing Director, writes:— "In referring, during the war, to the prospects of this Company's business, especially lit the. period subsequent to the cessation of hostilities, I said: 'Rapid aa Wbeen the development of this Company's' business in the past, there will be gNjigtfir opportune ß >(han ever in the near future. Now is the time to prepare fop the espnsioh'ttluch will undoubtedly follow the war. And it is up to New Zealand to see that her industries and commerce are adequately supported by local ■ capital, and the profits retained in the country to swell our own national wealth.' "Thq. War has happily come 'to an end, and we are experiencing the expansion that I anticipated. Never have the ahead of New Zealand been so bfjgbt. THera is an absolutely insatiable, demand for almost all our pr&ucts, at pjirti that would have seemed incredible a few years ago. And this demand is not a. flash in the pan. There will be no considerable falling-off until the world, now starving, not only for food and clothing, but for practically all kinds of goods,, materials, and services, is adequately ;fed end clothed and provided for. And that time is too far distant for calculation. Production still lags lamentably bSfdnd requirements, and there can be iro appreciable alleviation of existing conditions until supply catches up with demand and the world's wants are reasonably eatified. *. timt end every farm should be worked to its utmost capacity, every factory should increase its output, every ship should be driven faster. • ■•, ' "We ere trying to do our, share. We are employing more men and constantly ne w machinery of'the most improved type for rapid and economical production. And our efforts are being rewarded by a flow of orders that more Chan -taxei our present capacity. We want to do more "and still more. But ex* pansioa involves more and more capital. The weekly wages bill is much higher than it was. A. given quantity of raw materials, which it is necessary to carry in stock, costs from twice to four times what it did before the war. Every in- ' grease' in turnover fcrvolves the Use of additional capital." REASONS F#R INCREASE OF CAPITAL 'ln addition to the increased amount required as a result of larger turnover 'another important development requires further capital. In view of the very great demand for agricultural machinery in the northern portions of the Dominion, the-Campany has decided to establish a factory in Auckland for the manufacture of, H$ products, and has already secured a suitable area of land for the purpose, The ereotion of-the building and plant will be proceeded with as rapidly ' saving infreights will be vejy great. Moreover, the difficulties of shipping from vthe Southern factory will be'obviated. ' ' • - TERMS OF ISSUE. The shares ate of two" Classes—Preference and Ordinary. 5 Tie-former ,«re fully preferred, both as to dividend and capital, and are entitled to 6 per, cent, per airairm, paid half-yearly in March and September. Divi •4mis on tie -Setter are ps£d in March of each year. Under New Zealand law. .both classes of dividend art" free of Income Tax. Dotji classes of shares :.are offered at par, and will stand on the same footing revpectivejy as existing sharecapital of their class, and dividends will accrue dfMn&Mda On whicH payments are received. , Subject to a payment of 10 per cent, on the nominal value of a share on apnßcatian. navments mav bfl'madein one sum or in four equal instalments at inierMt of-t&rae months from the date of allotment. Applications will be dealt with in order of their receipt. OndM of tie Prospectus and forms of Application may be obtained from the •• HeadOfflce of the at Christchurch or from any of its branches. Jo the Directors >of. BOOTHj MACDONALD & CO., LTD. Oeatleßun, I kereby request you to allot to me ; * . ..... '. Ordinary Preference Shares in.tiie above-named Company upon the terms of the Company's Prospectus feted tbe 16th day of Juife, 1920, and I hereby agree to accept the same or any ttntiler Jitunber that may be allotted to me, and I herewith hand you the sum - if &........... .( being a deposit of Two Shillings a Share on Share* in the above Company, sad agree to pay the balance of 18b per share as -gfKdded said Prospectus, and I authorise you to register me the holder of tile said Share*. - - « Name ip Pull (Please state if Mr., Mrs., or Miss) Address Description Date ..... . Signature