FACTS FOR INVESTORS.

Auckland Star, Volume LVIII, Issue 114, 17 May 1927, Page 4

FACTS FOR INVESTORS.

DEVGtIPORT FERRY CO. ( SKKKS FIiKSII CAPITAL. |

In connection with the purchase from the Tnkapuna Steam Tramways and Ferries Co. of its chief assets, the Devon-! port Terry intends to seek fresh capital to cope with this additional development of its business. In a circular to shareholders the Hon. K. W. Alison, chairman of directors, states that "including this present issue, a sum of not less than £75.000 will eventually lie required to cover the cost of the purchase Hum the Takapuna Tram and Ferry Company, Ltd., and also to provide a transput t service adequate and necessary to meet the requirements of the j'akapuna areas.'" Shareholders are invited to subscribe for '24,011 shares of £1 each at par, being part of the unallotted capital of the company. The present authorised capital is £100,000, of which £104,211 is subscribed and fully paid up. also in £1 shares. The new capital is offered to shareholders in the proportion of one share for every five now held. AUCKLAND POWER BOARD. LOAN OK £150,000. At yesterday's meeting of the Auckland Power Board, Mr. W. J. lloldsworth, chairman of the board, stated that arrangements had been made for a loan in Australia. of £150,000, the balance of the large loan of £050,000 authorised last year. The loan, which had been arranged through the Bank of New Zealand, was for 21 years at 5 per cent. The price would be 91 net in Auckland, bringing the interest up to 5Ms per cent. Their best London offer was £5 12/0 per cent.