Page 12 Advertisements Column 3

Timaru Herald, Volume XCVIII, 18 May 1925, Page 12

A Sound Investment Writing on the class of business conducted by the Company, “The Weekly Trade Report’’ (the official organ of the Merchant ond Traders’ Association, Australia) says:— “An investment based on undeniable security . . offering to shareholders all the elements of ~ “safety, together with a high profit on investments. ’ “The question of risk can be safely .ruled out. “There could not be a better investment for the “person with limited means, or for a capitalist on “the lookout for a sound proposition.” Mr. Elder, the Australian Trade Commissioner in the United States, states : “There are 17,000,000 motor-cars in the United “States, of which about 75 per cent, are purchased “on time payment. There are also about 4,000,000 “radio sets, the greater number of which have been “bought on time payment.” To facilitate business of this nature in this country, with benefit to the seller and purchaser, is the principal object of the Corporation, The Memorandum of Association gives wide general powers, including ALL THE USUAL POWERS OP A MORTGAGE, LOAN, AND FINANCE COMPANY, but the main objective is the undertaking of BAILMENT FINANCE. The Corporaton functions as a purely Banking Institution, operating upon exceptional security, and its principal operations consist of the purchasing of shortterm commercial securities, with three separate recourses ,to each transaction—an exceptionally safe form of finance. ‘ ' The Mercantile Finance Corporation Limited (A Company duly incorporated under “The Companies Act, 1908.”) Capital £IBO,OOO Divided into 180,000 shares of £1 each. DIRECTORS: ROBERT BELL; Newspaper Proprietor, Cli.Ch. (Chairman) ANDREW TTTT.TJRR CABBY, Betired, Christchurch. AENATJD McKELIiAB, Public Accountant & Auditor, Christchurch PHINEAS SELIG, Betired, Christchurch. WILLIAM USHER WEBLEY; Managing Director of Webley, Sons, and Gofton, Christchurch. WILLIAM FREDERICK SOPER, Manager of Weeks Ltd., , Christchurch. ARTHUR DOUGLAS FORD, Manager of Pord and Mirams Ltd., Merchants, Christchurch. BANKERS, Etc.: Bankers: THE BANK OF NEW ZEALAND. Solicitor: CHARLES STEWART THOMAS, 168 Hereford Street, Christchurch. Interim Secretary: ARTHUR STEWART, A.P.A., A.1.A.,' N;Z.y 162 Hereford Street, Christchurch. Auditors: HOABE. AND KINGSOOTE, 167 Hereford Street, Christchurch. Organising Brokers : STEWABT, BECKETT & CO., 152 Hereford Street, Christchurch. . . Increase of Capital at P No Premium will be charged on this Issue. Owing to the demand for the Corporation’s funds,, the Directors have decided to issue a further 35,000 shares at par for subscribers in South Canterbury, North Otago, and Westland. The first issue of 60,000 shares was largely oversubscribed in three weeks. . It is not at present expected that these shares will be called to morc than 7(6. LIST OF FOUNDERS And the number of shares subscribed by each, Number .of Name and Description of Shareholder Shares Taken A. F. 1 CAREY, Betired, 61 Papanui Road, Christchurch . , .14.00 ROBERT BELL, Newspaper Proprietor, Christchurch l.; 1400 PHINEAS SELIG, Retired, 26 Holly Rd., St. Albans, Cli.Ch. 1400 ■ ARNAUD McKELLAR, Public Accountant and Auditor, Oxford Terrace, Christchurch r. '• ..w 1400 A. D. FORD, Company Manager, Ford and Mirams Ltd.,, Christchurch .. . •• ■ ..,1400: W. F. SOPER, Manager, Weeks Ltd.; Christchurch; . . 1400 W. U. WEBLEY, Managing Director,. Webley, Sons, and Gofton, Christchurch , ■■■.." .. •• •• MOO J. H. RHODES, Solicitor; 176 Hereford St., Christchurch 700 G. E. F. KINGSCOTE, Ptiblic Accountant, Hereford St., Christchurch .. • • • ■ • • • • 7QQ F. PRATT, Betired, Solicitor, Christchurch .. , , 700., J. T. BOURNE, Betired, Christchurch .. .... 700 J. S. WILSON, Woolbuyer, Bourke, Wilson and Co., Ch. Ch. , 700 W. BAXTER, Manufacturing Chemist, 602 Colombo St.-, Christchurch • .. .. 1400 H. WYATT, Printer, 93 Worcester Street, Christchurch 700 J. BENTON, Retired Sheepfarmer, Christchurch .. . . 1400 , A. L. SMITH, Merchant, 146 Manchester St., Christchurch 700 G. D. McILRAITH, Insurance Manager, Christchurch . . 1400 T. KINCAID, Provision Merchant, Christchurch .. .. 700 W. CROMPTON, Plumbers’ Merchant, Tuam St., Ch.CH. 700 A. M. HESTER, Manager, Christchurch “Press” Company 700 " • Number of .Name and Description of Shareholder Shares Taken A:.CANT, Accountant, Christchurch “Press” Company .. 700 P. VICKERY, Retired,' 26' Banks. Avenue, Shirley .. 1400 W. H. TRAVIS, Saddler.:as|id' Leather Merchant, 287 St. ' Asaph Street, Christchurch •• 700 Hi PEARCE, Builder, and Contractor, 50 Lower High St., Christchurch . .-.y, v.. . .: .. ,700 . S. ANDREW, Engineer, Christchixrch . .. .. . 700 P. E. OLEARY, Electrical Engineer, 19 Clyde Road,. Ric- , carton ... •• .. ,• •• .. ; 7QO MRS. ELSIE CLEARY, 19 Clyde Road: Riccarton . . 700'. ARTHUR SHERRIS, Accountant, Jones, McCrostie & Co., Christchurch .. .. •• •• 700 BENJAMIN MOORE, Builder and Contractor, Edgeware Road, Christchurch . .. ...... .. •• 1400 G. W. COATS, Medical Practitioner, Ashburton .. .. 700 ARTHUR STEWART,'PubIic Accountant, Christchurch .. 700 WILLIAM ANDERSON, Sharebroker, Christchurch .. 7QO Wi J. MULLIN', Medical “Practitioner, Ashburton .. 700 E. CAMERON SMITH, Chemist, Christchurch .. .. 700 GEORGE J. ANDREWS, Motor Importer,. Chrlßtchurch .. 700 Wy G, BLACK, Accountant, Christchurch ..... .. 700 A.: L.‘ CROFF,. Company! Manager, T.- J. Edmonds Ltd., Christchurch . ... .. •• • •• 700 A. G: HENDERSON,. Manager, “Lyttelton Times” Co., Christchurch' ... ... .. . .... .. 7CO Applications for Shares should be made to— Any Member of the Christchurch Exchange; or to G. D. VIRTUE CO., TIMARU, Local Brokers for the Corporation ORGANISING BROKERS FOR THE CORPORATION : STEWART, BECKETT CO. 152 Hereford St., Christchurch jEWELn-BKnmn*

z cc DONUT GHH STANDARD LOP 0 tror Now Zealand Roads DUNLOP BALLOON CORD you can only realise how good these Tyres are when you have tested them out for mileage. We can supply DUNLOP Balloons for the Special Well Base Dunlop Rims; New Prices March Ist, 1925. WRITE US FOR LIST And Dunlop Solid Tyres for all English Trucks, Lorries and Charabancs. DUNLOP RUBBER COY. Christchurch Wellington Auckland