Page 3 Advertisements Column 1

Taranaki Daily News, 19 July 1921, Page 3

80/ With /O Safety! Issue of Mortgage Debentures In Sums of £5O and Multiples thereof. CURRENCY: TEN YEARS. The Wellington Gas Company Ltd. Security behind the £330,000 Issue consists of first-class assets, the concrete assets alone having a value of upwards of £550,000 —more than twice the amount of the Loan (£250,000) now offered for public subscription, - J ll . ■ssg.’s.'.g.i . - —■ tmix was. 1 : ■ r:\\tHy n Growth of Wellington Gas Co. 8 per cent, with Safety! The Wellington Gas Company was established in the year 1869, The present issue of Stock is secured by a Mortgage that is 52 years ago, and its history has been one of constant progress. Debenture Stock Deed, in which the Guardian Trust and Wellington was then a very small community of about 8,000 persons. Executors Company of New Zealand Limited is appointed Trustee The population of to-day is 100,000 and is increasing Steadily. In thc Stockholders and the Stock- .s further secured by a floating lore, .i r~ ■ . j a. l •. i tcmnnn charge on the general assets of the Company. 1869 the Company was incorporated w.th a share capital of £ 1 0,000. Thc Guardiar; and Exccutors Company of New Zealand At the present time the authorised capital Stands at the figure of Limited wi)l furdier hold 35 debentures of £lO,OOO each from the £550,000. ' company in support of the Trust Deed and to secure the StockIn respe<st of gas consumption, in 1880 the sale of gas was holders. 37,000,000 cubic feet; in 1890 it was 65,000,000 cubic feet; in The assets referred to and over which the stockholder* will 1900, 110,000,000 cubic feet; in 1910,280,000,000; and in 1920 it have security, consist of valuable freehold property in the City of was 466,000,000 cubic feet. Wellington and at Miramar, whereon are erected the Showrooms and Offices of the Company, and the extensive Works and Manufactories PURPOSE OF ISSUE. of the Company, plant, machinery, services, stocks, moneys due, The purpose of the issue of the present 8% Mortgage Debenture Government War Loan Stock, shares m other companies, of a total Stock is to provide money for extension of plant at the Gas Works value of upwards of £550,000. The last Balance of the and Ma nufactories at Miramar, the construction of additional Work Company as at the 31st December, 1920, shows assets amouT.ting to Shops, the extensions of mains and services generally, and particu- £555,745 18s. 2d. The money to be raised now is to be mainly larly to provide gas for adjoining suburbs that do not yet possess expended in the aquisition of further plant and services, and the this c«n venience. assets will therefore be very substantially increased. Particulars of Board of Debentures 77)6 Future of Gas Directors , World-wide experience proves that the „ These & Mortgage Deben- development of electricity and the growth of C 1 ’ LL hires are in sums of £5O, and Gas-consumption go together. H BEAUCHAMP, Ch«irm«n of Director*, multiples thereof. In Wellington, for instance, the consump- W. M. Bannatyne & Co.. Ltd. tion of Gas has increased seven-fold since G. FITZGERALD, Civil Engineer. Interest at 8 per cent, per introduction of electricity, in 1890. In G. F. PEARCE, Director. Levin & Co. Ltd. .... •11 ir I y ear ’ the consumption was 65 million cubic a. L. WARBURTON, of Arthur Werburannum, will be paid half-yearly. feet. during last year, 1920, it was 466 million *<»» & Co. cubic feet. t r* ' Applications for Prospectus c f , c . , , Get the Prospectus . Lviaence from Canada, bweden and other r or Debentures will be received by countries where hydro-electricity is abundant iO-duy the Bank of New Zealand, any a , nd cheap prove* the tame tendency, and , . . rl c 1 c 1 shows that Gas has so many unique advantages anc * ‘ earn P af hcu!ars this member of the btock exchange, cannO f be economically replaced. attractive and solid investment, or at the Company’s Office. The future of G#s Indu|tfy i$ a which offers you 8 per-cent, per sure one. annum with first-class mortgage Apply Promptly! * security. The Wellington Gas Company Ltd., Wellington

j. hopkirk & co., GENERAL ENGINEERS. HAWERA. FOR SALE—SECOND HAND yyATER WHEEL, 9 feet diameter by 3ft wide, with 6ft diameter Pulley, 51 feet of 6-ineh BALATA Belting, Booth *Macdonald SAW BENCH & BELTING, GRINDSTONE ft BELTING, ft No. 2 Brown VACUUM PUMP ft BELTING, all in first-class order. For further particnlars apply to-s J. HOPKIRK & CO.’ ENGINEERS