Page 8 Advertisements Column 3

Auckland Star, Volume LIV, Issue 51, 1 March 1923, Page 8

Millinery.—Cast few days of sale. Further drastic reductions on all lines to clear. See our windows.—The Bon Mardie, Karangahape Road; also at Hamilton.— (Ad.)

}• Safe Investment 8% first mortgage Debentitm £10,000 offered for sale in parcels as required in Bearer or Registered Debenture)? at lender's option. TERM —3 to 5 yearav THE SECURITY is a First Mortgage in favour of the Guardian Trust as Trustees together with a general charge over the undertaking as set out in the Prospectus which has been duly filed with the Registrar of Companies. THE ASSETS included in the Mortgage have been valued recently by independent and reliable valuers at £48,479. THE PROSPECTUS. The above are offered for sale by the undersigned Company and full particulars and prospectus can be obtained at the Company's Offices at Mercer or Hamilton, or from Members of the Auckland Stock Exchange. The Roose Shipping Company is an extension of a very successful and well managed business which has been built up by Mr. Roose personally during the last 18 years. It has a capital of £20,000 in ordinary shares and £30,000 in 8 per cent. Debenture issue and carries on its business in river shipping, timber and coal in a distiict which is already one of the most prolific in the Dominion, and whose trade each year shows a substantial increase. The Manager of the Company, Mr. C. Roose, Junr., started business on the Waikato River 18 years ago with one small launch and practically no capital. To-day he is the largest shareholder and Manager of a Company which owns'five river steamers, three launches, 12 barges, 75 acres of freehold land with a 15 foot seam of good coal adjacent to the river, and a valuable sawmilling business at Mercer. GOOD MANAGEMENT. Mr. Roose has entered into an Agreement as Manager of the Company for 5 years. This, together with the fact that he holds a preponderating interest in share Capital, ensures a continuity of good management. SCOPE FOR BUSINESS. The business of the Company is of a type which is essential to the welfare and growth of a district 4500 square miles in extent embracing large tracts of first and second class country which as yet is only half developed. The chief town of this district is Hamilton, but there are many other centres adjacent to the Waikato River and its tributaries which are steadily increasing as the surrounding settlement on farm lands increases. To-day the Company has more business offering than its plants can efficiently cope with and moneys are required immediately for extension. APPLICATIONS for Debentures must be accompanied by at least 25 per cent, of amount applied for. Balance within three months. For THE ROOSE SHIPPING COY., LTD. C. ROOSE. Junr. t £j ' DOUGLAS HAY, I Directors. ARTHUR E. MANNING, J