A SPLENDID INVESTMENT.

Auckland Star, Volume LII, Issue 279, 23 November 1921, Page 8

A SPLENDID INVESTMENT.

(Published by .Arrangement.)

ENTERPRISING MOVE BY AUCKLAND'S PROGRESSIVE MUSIC HOUSE. The purchase of that fine block or Queen Street property adjoining Whit-" combe and Tombs, by the firm of Lewis K. Eady and Son, Ltd.*and the issue by fchis well-known; music house of 15,000 ' "B" Cumulative Preference Shares of £1 each, to finance the cost of the purchase, continues to attract considerable attention in Auckland financial circles. . The . interest which the issue has aroused is shown by the number of applications which have been coming in from all classes, and out of the 15,000 shares offered, only about 5000 are now available. . This proves beyond question that the firm of Lewis. R. Eady and Son, Ltd., which has displayed commendable enterprise during the past few years, enjoys the full measure of public confidence. ! Their latest move, in the purchase of j this Queen Street property, is unj doubtedly a wise one, as it must result lin greatly increased revenue as time goes on. Already the business of the firm is growing at a phenomenal rate. The shares now offered bear interest at the rate of 7 per cent per annum, free of income tax. The security for this issue may be gathered from the fact that apart from the value of tins new property (purchased at f41,500), the assets of the company cover its liabilities, exclusive of capital, more than three times over. , In view of the small number of share 3 now available immediate application is necessary in order to secure an allotment. Sums of £25, £50, £100, £250, and £500. ! may be invested. Full particulars of the : issue are contained in the prospectus,!a ; copy of which may be had post free on j application to the secretary, Lewis K. J Eady and Son, Ltd., 162, Queen Street, Auckland, or to Geo. C. Creagh, the company's broker, or to any member of the Auckland Stock Exchange. Applications for shares 'need only be accom- | panjed by first payment of 2/6 per share.