Page 7 Advertisements Column 1

Taranaki Daily News, 25 June 1921, Page 7

ISSUE OF £250,000 7$ DEBENTURES Turnover now 4j times SIITTIS Of c£s*O Surplus assets cover this greater than 9 years ago. Repayable in 5 Years issue more than 3 times. ■ ‘BY— Macky, Logan, Caldwell, Ltd. ■ WAREHOUSEMEN & WOOLLEN MANUFACTURERS Authorised Capital ... ... ... ... £BOO,OOO O O Share Capital (Paid-up) and Reserve Funds ... £541,522 13 2 Special Reserve ... M . ... £302,259 ,6 10 DIRECTORS: Bankers : Bank of Maw Zealand D - T. 2 A MA W C E KY U £ ™"‘°" ■■ “* d « A,e ”" d “- AUCkl *" d JOHN MACKY, Controlling Manf. Sec. Auditor ? Alexander Grierson, C.A., Eng. and Wales, C. A. BROWN, Controlling Auckland Warehouse F.P.A. (N.Z.), Auckland C. H. YOUNG, Controlling Wellington Warehouse J. S. RUNDLE. London Director Secretary : W. R. Goudie Reasons for this Issue. Security of Debenture Holders. Surplus of Assets as Security. (1) Many British films of high financial repute have The Debentures secure the Investor ahead of all The Debenture-holder, whilst he has no specific or required to increase their capital during the last year, Preference and Ordinary Shareholders in the Company. floating charge on the assets of the Company, has neverowing to greater expansion, higher wage, and increased They return a high rate of Interest, Free of Income Tax, the-less the present surplus of asset, over liabilities as a cost of materials. These reasons apply with even more and for a definite period. genuine security. force to this Company, whose legitimate expansion during n .• 1 rrv t > , the last nine years has been phenomenal. During this raniCUlafS 01 Debentures. If it is necessary, owing to lower replacement values, period the turnover of this business increased ip 360%, Tint., u a. f to further depreciate our stocks even to the extent of and the capital, excluding the Special Reserves by 208%. The Debentures are repayable on the J Ist day of £200,000, there would still remain a surplus of All tki. July, 1926. £643,782, which as a security covers more than twice mained in the business, and have been capitalised from a/ ■ “ d'k A ?. etenture TaX “ P tO over, the amount of this Debenture issue. These figures time to time. ana OKn capuausea .rom y. m £ wblcb B pa , d by Company. by accompanying stalement o f MR. . e * Interest is payable half-yearly on the first day of ALEXANDER GRIERSON, Chartered AccounEnsuring Continuous Supplies. August and the first day of February, in each year. tant, Eng. and Wales, Public Accountant (N.Z.) (2) During the war it became absolutely necessary Interest Commences Immediately Applications for these Debentures, which can be MoUrn TX?” l£ e Fot lhe pay™'" l “> tereBt be calculated made on the accompanying form will be received, fortunate in securing the Oamani and n from *fr e date, or respective dates, when the purchase Free of Exchange, at any Branch of the Bank of New Mil 1 Uamaru and Hmara Woollen ; received Zealand; or through any member of the Auckland or Mills, also the Man.watu Hos.ery Factory, all of which **7 % „ anmim Wellington Stock Exchange; or at the Registered Office have proved most successful ventures, and which at the The rate of interest >s 7’/ 2 % per annum of Companyi E|liott Auckland . or at any o f our present feme are workmg at they utmost capacity. To It is more than probable that money will become brancb warebouses . in Wellington, Dunedin, Christchurch, meet the increasing demand for the product of these mills cheaper durmg die next year or two and because these I nvercargj || t New Plymouth, Wanganui, Napier, and a portion of the money subscribed for these debentures Debentures are for a fixed penod of 5 years, this 7’/ 2 % Gisborne; or may be posted direct to MACKY, may be necessary. rate, Free of Income Tax, should prove a splendid in- LOGAN, CALDWELL, LTD., Box 1434, Auckland. nt. n vestment lor the whole penod. ... Kepiacing Deposit Money. tbe Debentoes and I ntere9t Coupons attached A copy of the Prospectus, dated at Auckland the (3) Commercial concerns of good financial standing, to same will be payable to bearer at any Branch of the 1 5 tn day of June, 1921, has been duly hied with the § have from time to time accepted monies on deposit. The Bank of New Zealand (within N.Z.) Registrar of Companies. ,he eP iV J ora ‘ O ?. Um Act - showed t J’ e If desired, interest can be made payable at any of Order or the Directors, danger of usmg such monies for trading purposes, even by Branch Warehouses of the Company, Free of D t r A the strongest institutions. Exchange. Interest will be paid and principal refunded D. R. CALDWELL C. A. BROWN NO DEPOSIT MONIES WILL BE at due dates free of exchange. T. H. MACKY C. H. YOUNG THE COMPANY IN THE Debentures may be inscribed at the Registered JOHN MACKY W. R. GOUDIE -jTURE. Offices of the Company if desired. Secret am SECURITY Already over auditor s statement A Commercial jC the 31si January, 1921, the Capital and Ordinary Reserve Funds amounted to a sum of £541,522 13s 2d, iOVjWV iluS and the Special Reserve Funds for unusual emergencies, amounted to a further sum of £302,259 6s lOd. The total J[IISLILvILIOIT ! amount of this Special Reserve Fund is considered more than sufficient to meet ail extraordinary demands that may be made upon the resources of the Company. The Assets show a large surplus over the combined amount of Capi'al • / • nAAn Liabilities of the Company, and consequently the security of the Debenture Holders will not be endangered until VArHAea IUI the sum of £843,762 is absolutely lost, a contingency that is practically beyond the bounds of any such possibility. vvIBCJSC Share Capital (paid up) and Reserve Funds ... ... ... £541,522 13 2 subscribed for ... £302 - 259 _22° offers the safest Total „ ... ... - v ... ... £843.782 0 0 these Tax-Free auditor’s certificate and soundest *‘l have been Auditor to the Company since its inception, and certify that the statements herein made are correct. <y and in accordance with the books and accounts of the Company. eA/»i«»ihr Lzcoeniures. (Signed) Alexander grierson, security. Chartered Accountant (England and Wales), Public Accountant (N.Z.) Any turn in denominations of £5O can be invested. The return for FORM OF PAYMENT •he five years d“ r ‘ n 8 w h‘ c h *l* e Debentures are current, amounts to 25 per cent, of the Purchase Price is payable on application, £37 10a. per cent.. Free of lax. 25 per cent, in three months, and the balance within six months, or APPLICATION FOR DEBENTURES should be made n the payable in one sum on application. Interest will be calculated from accompaaytng form, and posted immediately. the date or dates when purchase money is received. Future Prospects APPLICATION FOR DEBENTURES TO THE DIRECTORS, MACKY. LOGAN, CALDWELL, LIMITED. P.O. Box 1434, Auckland. dm period it> growth hu bem phenomenal. To- hereby apply for Debentures of £5O each, having a currency of Five years, in day it. factories and warehouie. are to be found m ' rr 7 ° • '// 1 every important centre of the Dominion, and in terms of the Prospectus, dated 15th June, 1921. w, enclose cheque for £in ’£‘ t settle-“-r- 11 ment ' We agree to pay £in three months, and the balance within six months. durtrial rtitutioiu in Ae country. Its okLertabluh- I I (Ineiest calculated from date of payment). ed coDoections throughout New Zealaad, and its capacity to manufacture it. own material enable it F u [| Occupation to meet any competition, whilst its remarkable growth ‘ testifies to the able maaagemect of the Company, ai i r y i and afiords a splendid augury for its future prosperity. AddreSS. « s Usual Signature MACKY, LOGAN, CALDWELL, LTD. Head Office: Elliott Street, AUCKLAND Brunches at WELLINGTON, GISBORNE, NAPIER, CHRISTCHURCH, NEW PLYMOUTH, DUNEDIN, INVERCARGILL, WANGANUI Woollen Mills at OAMARU, TIMARU, PALMERSTON NORTH