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DUX Electric Heaters (New Zealand) Limited (Incorporated under "The Companies Act, 1908 ) Nominal Capital £75 ? 000 Offers for Subscription 25,000 9% Cumulative Participating Preference Shares of which only a limited number remains available GUARANTEED as to the First Year's Dividend The Company has been formed to acquire the sole New Zealand rights of Dux Electric Heaters, and to develop their sale throughout the Dominion. Directors: FREDERICK JOSEPH NATHAN, of Wellington, Merchant. (Director of Joseph Nathan & Co., Limited.) LEO AUGUSTUS JAMES LONERGAN, of Wellington, Merchant. (General Manager Canadian Knight and Whippet Motor Co.) EDWARD JOSEPH RIGHTON, of Wellington, Company Director. (Late Managing Director, N.Z. Picture Supplies, Limited.) WILLIAM PERRY, of Wellington, Barrister and Solicitor, Wellington. HERWALD GORDON KIRKPATRICK, of Sydney, New South Wales, Architect. Great Advantages of DUX Heaters This Electric Bath Heater has many advantages over any other type, whether Electric Storage, Gas or Fuel Heater. Amongst others are the following:— 1. It is the only almost instantaneous Electric Bath Heater. 2. It is POSITIVELY SAFE and fool proof. 3. It is all white porcelain, always clean and bright. 4. It is so simple that a child can operate it. 5. It makes available a plentiful supply of hot water at all hours of the day and night. 6. It purifies water which may then be used for any domestic purposes. 7. It eliminates waste—you pay only for power used. 8. Ifc obviates the necessity of matches. 9. It cannot give off any poisonous fumes. 10. It has no flue pipe or unsightly fittings. 11. It does not require special ventilation precautions. 12. It eliminates the risk of explosion or fire. 13. It does not radiate heat and obviates danger of burns by accidentally touching the outside case. 14. It easily regulates the temperature of the water. 15. It has no concealed hot pipes to harbour vermin. 16. The water will not stain the bath. 17. It is offered at ,a reasonable price. 18. It is the product of years of careful thought and practical tests. 19. It is the ACME of perfection as regards DESIGN, RELIABILITY and EFFICIENCY. 20. By using the DUX Heater there is no waiting for • hot water, as at any hour of the day or night an abundance of hot water is available just by the operation of turning on a switch. 21. It is now a source of satisfaction to many thousands of householders in Australia where the demand is increasing daily. Business Prospects A number of large and representative firms dealing in electrical goods have already approached the Company with a view to. handling the distribution, of Dux Electric Heaters in various parts of New Zealand, and the Directors are therefore satisfied that the Company's products will find an immediate and ready It should be noted that the Heaters are not experimental in any sense of the word, since they have been sold throughout New South Wales for the past two years, and in that State the monthly sale of each class of Heater runs into several hundreds. The Sole Distributing Agents for New South Wales are The Australian General Electric Company, Ltd., the leading Company of its kind m Australasia, which states that it has been more than satisfied with the Heaters, and has had on some occasions to order a larger quantity than the fixed number which has to be taken by them every month. Demand field omest ' c Apparatus has before it an ever-growing - New Zealand to-day is on a par or in advance of any other country in the world a* far as electricity is concerned, and the use of domestic.electrical appliances. This can be readily seen by of I 928)T— 8 e ° ' ( 6 PubHc Works S^tement Total Number Consumers of Electricity in Dominion to 01/3/1928 .. . , , t ync Total Electric Water Heaters Installed to 31/3/1928 21'"*1^ Total Electric Cooking Ranges Installed 31/3/1928 ?5'766 The Electric installations for the year 1928 (showing' the immense strides being made) were as follows:— Water Heaters ... . _ Ranges .. . . ' ' * :e * 7,353 >6,255 Manufacturing Costs * & Surirjl costs are absolutely guaranteed by them to the New Zealand head Expenses <W the DUX Electric Heater. (World's Right") ES" g< " n ° d The estimated nett profit of £8,131 is more than the amount required to pay the annual dividend of 9 aJ* J 7** on the 25,000 preference share, now * It may be noted than an amount of £4 500 L • , to pay 9 per centum on the total issued c,pit»r,h„.V rC< "" r " l amount of £3,631 as a surplus, which should, from "J iZ'" 5 , reside Pan> " "• IC ■ .uK<L" First Year's Dividend Guaranteed The Vendor Company is so asMirprl . New Zealand Company's undertaking from its - S will guarantee the first year's dividend Jnce P tlo n that it annum to Preference Shareholders, «o that invest*'is CCn , tum p f " earnins s °° d Demonstrations Residents in and visitors to Auckland ™= „ , ~ demonstrations in the Bank of New South Wal p? 58 al,y corner Upper Queen Street and Karangahap, Road Ch *™ b "" Applications for shares will be aJWt-J r . , order of their receipt. ail ° tted fort hwith in the Copies of the Prospectus may be obtained f rnn , . . . Sharebroker, or from the Company's Brokers- 3ny L,censed G. STEWART CRAIG, LTD. To the Directors, "" DUX ELECTRIC HEATERS (N.Z.), LTD.. C/o G. Stewart Craig, Ltd., 41 Shortland St., Auckland, P.O. Box 487 wi,houi ° Hißa,ion ' a com P ,„y- s Name Address •• •• ... , .vr, ~ , ~.., ■ •

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https://paperspast.natlib.govt.nz/newspapers/AS19290506.2.26.1

Bibliographic details

Auckland Star, Volume LX, Issue 105, 6 May 1929, Page 4

Word Count
898

Page 4 Advertisements Column 1 Auckland Star, Volume LX, Issue 105, 6 May 1929, Page 4

Page 4 Advertisements Column 1 Auckland Star, Volume LX, Issue 105, 6 May 1929, Page 4