Page 3 Advertisements Column 1

Taranaki Daily News, 1 July 1921, Page 3

Make Your Savings Earn More! Invest in 71/ Debentures FREE OF INCOME TAX Offered for Public Subscription by Macky, Logan, Caldwell, Ltd. Warehousemen and Woollen Manufacturers Issue of £250,000 in Sums of £50 —Repayable in 5 Years ORDINARY and Preference Shares have been offered to the They are thus able to meet any competition, and their old-established pu ic from time to time, but none of these afford the same connections ensure a constant and growing demand for their products. > •ejunty as Debentures, which rank in priority over all other < tl rl z- l l .l j-. ’ shares. Debentures are a form of security much in favour by City . r Ihe present aSSetS „ J ™£° m! ? an , y ' “ sh^ Wn by “* i S Councils, Harbour Boards and other ’ocal bodies who are however ? ert J hcale - amount to £843,782, which is sufficient to cover these restricted by Parliament from paying more than s'/ 2 per cent, interest Ventures more than three times over. As the Debentures rank in on the Debentures they ssue. priority to other shares, it will be seen that the debenture-holder is Macky, Logan, Caldwell, Ltd., offer the same debenture P Th C k 1 t W c security, but bearing 7'/ 2 per cent, interest. In addition, the interest ~ 1 Com P an y has onl Y to make z.'/ 2 per cent, profit on Us capwill be paid free of income tax, winch saves the investor a further ! ta ' m orrier ,‘° m< ? r « t!lan P rov^ e tne amount required to pay the 3/- in the £. interest on these debentures. This debenture interest must be paid r_„ , i ■ , , before any interest can be paid on the ordinary or preference shares, investors whose savings are earning only 4 per cent, or 4'/ 2 per * SIMPLICITY OF INTEREST PAYMENTS. pr-- eI income every year. Debentures will be for sums of £5O. and will have coupons ti ir rnniTrrT al'dd which may be cashed on presentation at any branch of the IHE GROU TH OF THE BUSINESS. Bank of New Zealand on their due date, free of exchange. .. Th * business of Macky, Logan, Caldwell, Ltd., is one of the The principal will also be refunded at the end of five years, at oddest industrial institutions in the Dominion. any branch of the Bank of New Zealand, without any deduction for Its warehouses and factories are established in every important exchange. centre of New Zealand. No matter in what part of the Dominion the investor may reside, It is an enormous buyer of New Zealand-grown wool, for its be will therefore be able to cash his coupons through the local bank? mills in Oamaru and Timaru, and its Manawatu hosiery factory. receiving the full amount of interest, instead of losing a percentage, as In nine years its turnover has increased 460 per cent. * tbe ca!e Wltb c * le< s ue! - Profits have been capitalised from time to time, and remain in ~. ? e “ g . Bearer securities - lhe Debentures can be sold or exchangthe business. “ desired at any tlme without difficulty. The capital has grown from £1,500 to £541 522. T , he fact ,' that th L e V are t repayable in full at the end of five years obviates the possibility or depreciation, whilst a drop in the genA SAFE SECURITY. oral ra, e °f interest to’even 6 per cent, would make these Debentures The investor not only looks at the past history of . Company, W ° rth considerab| y more than ,heir pnce '°- da - v ' but also to its future prospects. ' • • • •• Macky, Logan, Caldwell, Ltd., are in the unique position of Over £45,000 has already been subscribed being not only large wholesale importers, but also manufacturers. f or these Tax-Free Debentures. SAFE AND Authorised Capital ... ... £BOO,OOO 0 0 High Rate of Share Capital (Paid-up) & Reserve Funds £541,522 13 2 SOUND Special Reserve ... ... £302,259 6io Interest Free SECURITY! T "'*' smwjj of Income Tax Surplus Assets Cover Amount of This Issue More Than Three Times Over Applications for Debentures should be made y iix^2 p lorur of I APPLICATIONS FOR DEBENTURES Debenture) should be sent with the application, tijc nmrrrnnc 25 per cent, in three months, and the balance , , within six months. Interest is calculated from the MACKY, LOQAN, CALDWELL, LIMITED, date subscriptions are received, and payment may P.O. Box 1434, AUCKLAND. be made in full if desired. The complete Prospectus may be obtained \ & hereby apply for Debentures of £5O each, having a from any Branch of the Bank of N.Z. or at any currency of Five years, in terms o/ the Prospectus elated 15th June, 1921. of the Company s offices, or from any member of i . . r r . ' , the Auckland or Wellington Stock Exchange. | w. enclose cheque Jor £in settlement, f r agree to pay io P 1.1 11 in three months, and the balance within six months. IVlaCky, USiQWeII, (Interest calculated from date of payment). LIMITED | Full Name Head Office: Elliott St., Auck.and Brandies at WELLINGTON. CHRISTCHURCH, i Occupation DUNKDIN, INVERCARGILL, NEW PLYMOUTH, ... GISBORNE, NAPIER, WANGANUI. Wedhn Mill, at Oanare, Timara, Palneratao Nartk 1 Usual Signature

SVEBYBODY’S DINING-ROOM AND RESTAURANT. id PiNNER. GRILLS, FISH AND OYSTERS. WTOW the Qyater Season has commenc- ■ ed, we have made arrangements for < supply daily, and customers can be loured of getting the best and freshest dbysters in toxfn at Everybody’s Restaurant. ’ Oysters to take away from 2s to 5s <per bottle. \ OYSTER SUPPERS A SPECIALTY. ) We have decided to give the public the Benefit -of the fall in the prices of foodstuffs, and have, therefore, reduced the Irice of Hot Dinners from 2s to Is 6d; Also the prices of some Grills reduced. Fish. Hot GriUa, and Oysters may be ttbU’ned at all hours. Hot Dinner from |2 to 2 and 5 to 1. Hot 1 ish arid ,'hips served over the Counter. Fresh Fish on sale. All Fish guaranteed. PLEASE GIVE US A CALL. A. BARTLETT & CO. /ext Criterion Hotel, New Plymouth. ' SOLE BROS; r 11 fE know where to go for the best Cattle and Sheep, fattened on the jweeiest Taranaki pastures. That is why our joints are always wed flavored, fender, and juicy. OUR MOTTO—QUALITY. ' £orth British SOLID TRUCK TYRES fcr» fitted at once, so that your truck Bed not remain idle at all. Get in touch Vh- C. L. Wilson and Co,. Ltd., Eltham, Wpßt? 130