Page 14 Advertisements Column 4

Auckland Star, Volume LVI, Issue 162, 11 July 1925, Page 14

BUCOESSFUL FINANCIAL CONCERN. ! NEW SHARE ISSUE IN TRADERS' FINANCE CORPORATION, LTD. Investors seeking a safe and remunerative channel for the-, utilization of capital at present idle or at call are hardly likely to neglect the opportunity of securing as many as possible of the 50,000 ordinary shares now being offered by the Traders* Finance Corporation, Ltd. The progress of this organisation has been such that its financial resources are fully and profitably employed. The demand for funds for attractive investments is steadily increasing, and in order to cope with tha growing volume of business further capital is absolutely necessary. It has, therefore, been decided to issue 50,000 ordinary shares at par. These are being offered first to the present shareholders and the unallotted balance (if any) to the general public. It is anticipated that a considerable proportion of the new issue will be allotted to the present shareholders, but it is impossible to say how many may become available for the general public. Judging, however, by the manner in which such issues in successful companies are usually over-subscribed it is obviously imperative that early application be made by those with liquid capital desiring safe and remunerative investment. The directors of the corporation have ever exhibited a strong conservative restraint in any forecast they have made as to the prospects of the future. They now announce that they will pay the full dividend of 7 per cent on the preference shares as soon after the close of the financial year—September 30, 1925, —as practicable, and thereafter it is intended to pay this dividend halfyearly. They further express their confidence of being in a position to pay a satisfactory dividend on the ordinary shares. In regard to the new issue- of 50,000 shares, the terms of payment will be 2/6 on application, 2/6 on allotment, and the balance in calls of not more than 2/6 per share at intervals of not less than three months. The directors, however, make it clear that it is not expected to call up more than 10/ per share within the next 12 months. Such shares of the new issue as are applied for on or before July 15 will rank for dividend as from July I, and after September 30 pari passu with the ordinary shares already issued. The best prophet of the future is the past. This applies with equal truth to financial enterprise as to any other channel of operation. The Traders' Finance Corporation, Limited, has achieved a notable success by its transactions to date, thanks to the caution, foresight, and financial ability of its directorate. Looking ahead, and appreciating that equally remunerative business is now offering, it is no exaggeration to say that the offer now made, first to existing shareholders and then to the general public, is one that may be spoken of as gilt-edged security, one that will surely yield a satisfying return to the investor. The public are invited to make application at once, as, should any existing shareholders not take up their quota by July 15 next, any shares applied for by the public will be allotted to make up the surplus, and such shares will participate in the same manner as if issued to existing shareholders. Applications may be made to the Offices of the Corporation, National Mutual Buildings, Shortland Street, the Corporation's Chief Broker, W. M. B. Mowbray, 30, Shortland Street, or any member of the Auckland Stock Exchange.— (Ad.) It's the most quickly prepared and economical, the most wholesome and best-tasting of all coffees, is ''"Campl* (Ad.. ■_ _.•___,_____. __.__; _.__>