Page 11 Advertisements Column 2

Auckland Star, Volume LXII, Issue 277, 23 November 1931, Page 11

Associated Motorists Petrol Co. Ltd. (A Company Incorporated Under "The Companies Act, 1908.") Nominal Capital - - ;££oo,ooo Divided into 5000 Ordinary Shares of £1 each fully subscribed. 95,000 8 per cent Non-cumulative Preference Shares of £1 each (carrying special privileges regarding the purchase of petrol). DIRECTORS: ALFRED EDWARD ANSELL, Member of Parliament . . . . Dunedin. Past President South Island Motor Union. FREDERICK WILLIAM JOHNSTON, Solicitor . . . . • • Christchurch. President South Island Motor Union. * WILLIAM ARTHUR O'CALLAGHAN, Retired . . . . . . Hawera. President North Island Motor Union. EDWARD AUGUSTINE BATT, Merchant, Wellington. . . . . . . . . Chairman Wellington Automobile Assn. WILLIAM REYNOLDS CAREY, Company Manager . . . . Christchurch. President Canterbury Automobile Assn. JAMES LEINSTER PASSMORE, Retired, Dunedin . . . . . . . . President Otago Motor Club. F CHAS. TODD, Merchant, Wellington. Registered Office: 110-116, COURTENAY PLACE, WELLINGTON. Petrol is Too Dear ill First Grade Petrol Price. New Zealand. Major Oil Co. Price at Main Ports . . 2/1 Anticipated Price to Shareholders . . I' 7 A comparison or the current retail price or first-grade petrol sold by major Oil Com- Savin- per gallon under present market panies operating both in England and New conditions 6d Zealand indicates that at main ports, after allowing for differences in duty, New Preference Shareholders , Z.eaiand is paying approximately is 1-lUth __ . ~ pence per gallon more than England. * riVlAegeS. This tremendous difference in price existing The rights of preference shareholders, in between England and New Zealand for addition to an 8% non-cumulative preferpetrol sold by the same Companies apparently enC e dividend, constitute valuable rights to can only be accounted for by large profits preferential buying as follows:— made in New Zealand. the holder of Preference Shares shall be New Zealand is one of the few countries in entitled to purchase from the Company or its the world where the major Oil Companies agents, on production of coupons or certifiare without competition by successful inde- cates to be issued by the Company, thirty pendents in the bulk importation business. (30) gallons of petrol per annum for each Successful independents abound in America, £1 Preference Share held by him at a price and are numerous in England. current based on actual cost to the ComThis Company is being promoted by men pany, including all operating, management, identified with the interests of motorists. directorate and overhead charges to the Many have been actively associated with several retail points of delivery plus 4£d per various Motor Associations and Clubs, and gallon to include retail distribution charges hold the highest executive positions in those or, in the event of altered conditions of Associations to-daj-. trade, such higher amount per gallon as" may /-"vi , r . i /-» be agreed upon by the Directors representing ÜbjeCtS Ot the Company, lhe p re ference Shareholders and certified as To enter into the bulk importation, storage reasonable by the Auditor for the time being and distribution of petrol in New Zealand: appointed by the Preference Shareholders in To obtain, by this means, the lowest cost accordance with the Articles of Association, prices, the lowest freights, and the lowest To ensure that Preference Shareholders arc costs at this end, essential to the final low charged a price in accordance with that concost to the consumer. templated m the constitution of the Company, Sources are available to the Company, from they have the right to appoint two Directors which it can secure a first-grade petrol from and an Auditor, the latter to certify that the refineries of high standing. price to Preference Shareholders is in ■p.. «i • t? »i*.» accordance with the price set out in the Distribution raCllltieS. Memorandum of Association. The Company will arrange with approved *.. r o r 1 established re-sellers to handle its petrol. Vjuallty Ot retrOi. Already tentative arrangements have been The Company proposes to import petrol made with a large organisation to handle according to a predetermined specification, the Company's spirit in various parts of the which will demand a high quality first-grade Dominion. spirit. To ensure uniformity in the ComAnticipated Price to Shareholders ££? ■ 'iXVTZ After allowing for the present abnormal quality of the petrol in the tankers before exchange rate and recent additional taxation, shipment is made. it is anticipated that the Company will be As required, shipments will also be subject able to supply shareholders, through estab- to analysis before discharge is made. By this lished retail stations, at a price of 1/7 for means the Company will adequately ensure first-grade petrol. the continuity of a high-grade spirit. PROFITABLE INVESTMENT. It is anticipated that under current market conditions each £1 share will secure for the preference holder the following return:— Annual Saving, 30 galls, at 6d. - 15 - equals 75% (on investment) Dividend - . . 17 equals 8% Total Annual Return on Each £1 Share - 16 7 equals 83 % This is the most attractive proposition ever offered to the motorists and commercial vehicle owners of this country—an 8% preferential dividend and an additional 75% return in savings on petrol! Join Your Own Petrel Company Send for Prospectus and Full Particulars to: O. L. JOSEPHSON, District Representative, Box 1868, Auckland, Telephone 47-327. MR. M. H. WYNYARD APPOINTED TO DIRECTORATE. The well-known Auckland business man, Mr. M. H. Wynyard, has been appointed a Director, and his appointment will be confirmed at the statutory meeting. Mr. Wynyard, who is a member of the Auckland Harbour Board, and immediate past-chairman, is associated with many successful business ventures throughout the Dominion. His election completes the chain of representation of motorists throughout ttie Dominion, Directors I being located in Dunedin, Christchurch, Wellington, Hawera, and now Auckland. i

I In another column of this issue the! Railway Department advertise the later i running of the usual 11.15 p.m. train! from Otahuhu to Auckland on Wednes- i dav nest.