FRED SEIFERT COMPANY, LIMITED. (Flax Growers and Millers.)

Auckland Star, Volume LVII, Issue 114, 15 May 1926, Page 16

FRED SEIFERT COMPANY, LIMITED. (Flax Growers and Millers.)

i Capital £100,000. "Fiat Lux." the financial writer to the "New Zealand Truth," said in an impartial criticism in the issue of May H: "When Fred Seifert puts his name, reputation and energy behind a flax farming venture it is not likely that the inventing public will hesitate in following his lead. If there is a better known or more highly respected name in the | flax milling industry of the Dominion j than that of the Seifert family. 'Fiat I Lux' lias yet to hear of it. In t>K* case I of the company under review, investors' I . interests will be in the capable hands of Mr. Fred Seifert, who is to manr.ge the 1 venture for the first five years. The experience of a lifetime will be tlirov. v ' into the scales to ensure financial sic:- --: cess, and investors who can afford to i wait four years for a return will bf well j repaid for their investment, which ' Lux' can honestly and sincerely ■ L mend as one of the best proposition* that has come before bim for some years ] past." The financial writer of "The New Zealand Observer" also approves of the flotation. In the issue of May 12 he said, inter alia; "The name Seifert has n been associated with the flax milling industry for a great many years, and '" in the Manawatu district Seiferts have * tried every scheme and every expert--8 ment for producing the best grades of 3 hemp and the greatest quantity from c the minimum of leaf, and anything that c the Peiferts say about phormium tenax is y entitled to the greatest respect. The r provisional directorate is a strong one l ' without the taint of the 'guinea" pig , '* about it. and the amount to be paid to >' the vendor, 13,900 shares, does not appear to be extravagant. The writer believes that the Seiferts would much rather see the flax than the cash, for ' New Zealand hemp is an rhsession with 0 the family. It can be said that the ?• prospectus is a model in its way, for it '= gives the very fullest information and ! j touches on point in cond nr-ction with the industry. There is r- groat scope for such a venture and unless r. it i= terribly mismanaged, it must prove ii a profitable investment." J" I This sound and safe investment is i- expected to give a return on capital >c I averaging over 20 per cent for the first n ten years, and at least 50 per cent per •y year thereafter. ■ It will be continuous 1 and constantly increasing in value. It >s presents the best endowment insurance a vet devised as a means of safe provision d for the future. The company is backed s. by a sound board of directors, all wellknown citizens, who are supporting Mr Seifert. It is worth looking into at -- once. Send to Wilson Bros., Organising 1 r Brokers. Brunswick Buildings. 74, Queen " Street. Auckland, for all particulars free V ot charge. Prospectus al so obtainable from any branch of the Bank of New Zealand.— (Ad.)