Page 12 Advertisements Column 4

Timaru Herald, Volume XCVIII, 13 May 1925, Page 12

The Mercantile Finance Corporation Limited (A Company duly incorporated under “The Companies Act, 1908.”). Capital £ 180*000 Divided into 130,000 shares of each. DIRECTORS: BANKERS: ROBERT BELL, Newspaper Proprietor, Christchurch. ANDREW FULLER CAREY, Retired, Christchurch. ARNAUD McKELLAR, Public Accountant & Auditor, Christchurch PHINEAS SELIG, Retired, Christchurcji. WILLIAM USHER WEBLEY, Managing Director of; Wehley, Sons, and Gofton, Christchurch. - WILLIAM FREDERICK. SOPER, Manager of Weeks Ltd., Christchurch. ARTHUR DOUGLAS FORD, Manager of Ford and Mirairis Ltd., Merchants, Christchurch. ’ ' Bankers : THE BANK OF NEW ZEALAND. Solicitor : CHARLES STEWART THOMAS,' 168 Hereford Street, Christchurch. . , Organising Brokers : "STEWART, BECKETT & CO., 162 Hereford Street, Christchurch.. ! , Interim Secretary: ARTHUR STEWART, AP.A., A.1.A., N.Z., 152 Hereford Street, Christchurch. Auditors : HOARE AND KINGSCOTE, 167 Hereford Street, Christchurch. •• W. The Corporation functions as a purely Banking Institution, operating upon exceptional security, and its principal operations consist of the liquidating of short-term commercial securities, with three separate recourses to each transactiori-~an exceptionally safe form of finance. Increase of Capital at Par No Premium will be charged on this Issue . ! The first issue of 60,000 shares was largely oversubscribed in three weeks. Owing to the demand for the Corporation’s funds, the Directors • i " have decided to issue, a further 35,000 shares at par for subscribers ' in South Canterbury, North Otago, and Westland. It is not at present expected that these shares will be called to more than 7(6, or that any further shares will be issued at par. Notes for Investors! The Memorandum of Association gives wide general powers, including ALL THE USUAL POWERS OF A MORTGAGE, LOAN, AND FINANCE COMPANY, but the main objective is the undertaking of BAILMENT FINANCE. An original holding in a strong financial institution is one of thesoundest commercial investments which can be made. The Company is already incorporated, and has commenced operations. The Corporation is purely a banking institution and is not Subject to labour difficulties, market fluctuations, and other influences which tend to embarrass industrial enterprises. Owing to the nature of its business its funds will earn money immediately. The record of similar institutions extending over ten years in England, North America, arid Australia shows uniform success, their usual proportion of losses being a fraction of one per cent. The'record of these companies invariably shows a dividend at the rate of 8 per cent., commencing from the first year of their operations. - '■ A similar company established elsewhere in the Dominion has had remarkable success, and had to increase its Nominal Capital after one year from £200,000 to £500,000 in order to be in a position to meet the demand for finance. The advances made by such corporations are regarded as being more secure than those of other lending institutions, because in no other case are there three separate recourses on each transaction. A large volume of business awaits , the Mercantile Finance Corporation Limited, t ; ’.:ii£ Christchurch City alone the amount of capital tied up in short . term securities of well-known firms is estimated to exceed £200,000. The benefits conferred upon traders ; doing business with the Corporation , are' very considerable, and as shareholders will receive preference over other applicants, all intending clients >of the Corporation are recommended to take up shares. The use of the Corporation costs the ~!? trader nothing, and will enable every trader selling chattels on terms to make every sale a cash sale. Thus the capital of the trader is not tied up, and his turnover can'be increased. Applications for Shares should be made to — Any Member of the Christchurch Stbfck Exchange; or to G. D. VIRTUE CO., TIMAEU, Local Brokers ior the Corporation ORGANISING BROKERS FOR THE CORPORATION : STEWART, BECKETT <&» CO. 152 Hereford St., Christchurch ell-bkxn a

£7s » FJe ft® esc! of e A. FREE ■DEMONSTRATIONS ' AT ANY TIME. * REO MOTOR DISTRIBUTORS LTD. Phono 1087. SSSEEESS

Why'D.C.L.” « Behind “D.C.L.” Gold Label Whisky is the biggest organisation in the distilling industry. Twenty distilleries, comprising some of the oldest and most famous in Scotland, contribute to its unvarying excellence. Huge bonded warehouses accommodate its immense stocks of whisky during the long years of maturing. THE DISTILLERS AGENCY LTD., definitely guarantee the great age and unvarying quality. (GOLD LABEL) SCOTCH WHISKY ia.