GRAMAPHONE SHARES,

Auckland Star, Volume LXI, Issue 129, 3 June 1930, Page 5

GRAMAPHONE SHARES,

Vocation (Australasia), Limited

The announcement that a company is being formed to take over the factory ot an English concern in Australia for the manufacture of gramaphones, portable gramaphones and gramaphone-radio combination sets, is one of particular interest to New Zealand and Australian investors to-day. For the first time the public of New Zealand and Australia are to be .given the opportunity of being actually interested in the gramaphone industry and sharing in the tremendous profits usually made by gramaphone manufacturing companies. The average dividend paid by the three leading English gramaphone companies for the past three years seems hardly credible, nevertheless the following figures, which are taken from the London Stock Exchange records, and can be verified ,by anyone, go to prove that investors in gramaphone company shares not only got good dividends, but must also have made .money through the increase in the value ,of these shares over that period.

The ordinary 10/ shares in the Columbia Graphaphone Company, Ltd., increased from £2 19/9 each in 1926 to £18 each m 1929. The ordinary £1 shares m the Gramophone Co., Ltd. (His Masters Voice) increased from £3 9/3 to__£l6 <V during the same period. The Vocalion Company's record, although they did no trading in 1926, shows that their ordinary 10/ shares went from £2 9/10% m 19-/ £3 16/3 in 1929. The average dividend paid by the three leading English gramaphone companies has been for the past three years not less than 40 per cent per annum. The ordinary shares will be offered to the Dublic at 5/ each, and the preference shares at £1 each, and already thousands of these shares have been secured b> leading business men in the Dominion. Copies of the prospectus of Vocalion (Australasia), Ltd., may be obtained from the company's broker, Campbell Patersou, P.O. Box 1206, Auckland, or any registered sharebroker.—(Ad.) '