Page 4 Advertisements Column 1

Auckland Star, Volume LXIX, Issue 136, 11 June 1938, Page 4

LOANS FOR HOMES. FUNDS AVAILABLE FOIt APPKOVBI) SBCUKITIBR — CITY, StJHPKBAN OK COUNTRY TOWNSHIP. FKKBHOLD OK LKASKHOLD TJTT.K lIOUKH PROPKRTIKB A SPBCIAI.TY, TABLE) MORTGAGES A FKATUItIi. INTEREST AT CURRENT KATB.S. ACQUIRE YOUR OWN HOME. Deposits Accepted. MortpwKee Arrauccd. First Mortgages Purcliasrd. Apply for fijil particulars. THIS DOMINION INVESTMENT AND BANKING ASSOCIATION, VICTORIA ARCADE (FIRST FLOOR). QUBBN SXKBET. AUCKLAND. P.O. Box 720. Telephone 4 7-108. 8

A Successful Record. r PHE deposit of more than 88,000 wills of living testators with the Public Trustee is due not only to the people's confidence in the State guarantee of fidelity, but also to the evidence of efficiency achieved by specialization during more than half a century in all matters of sxecutorship and trusteeship. N^ V 5.

This notice does not contoin oil the information required to be shown In o prospectus, ond is accordingly not to be regarded as on invitation to the public to subscribe for shares. It it issued for the purpose of giving information to the public concerning the company. SHORT PARTICULARS TODD MOTORS CORPORATION LIMITED (Incorporated under Part 2 of "The Companies Act, 1033") 6% Cum. Preference Shares SHARE CAPITAL <500,000 Divided into 500,000 Ordinary Shares of 10/- each .. .. .. .. £250 000 and 250,000 6% Cum. Pref. Shares of £1 each £250,000 £500,000 (The 500,000 Ordinary Shares are to be allotted in part payment for the assets to be acquired as mentioned in the prospectus.) DIRECTORS: SECRETARY: CHARLES TODD. of Wellington, MerehMt, Choirma*. AUAM HA «*«' Company Secretary, Wellln.ten. EDWIN PERCY YALDWYN, •* Wellington, Retired Bank BANKERS: Manager. (Formerly Manager and Attorney for New THI NATIONAL SANK OP NEW ZEALAND LIMITED Zealand of the Commercial Bank of Australia (Ltd.*. Wellington. «»w»nw, LIMITED, and Chairman (1934 and 1935) of the Associated Banks of New Zealand.) SOLICITORS: JOHN MOODY ALBERT ILOTT, of Wellington, Company MORISpN, SPRATT. MORISON AND TAYLOR, 154 Director. (Governing Director, I. llott. Limited; Chair- Featnorston St., Wellington, CI. man of Directors, Golden Bay Cement Co., Ltd.; Local An^i^^e. Director, National Mutual Life Association of Au«- AUDITORS: tralasia. Ltd.; Director. McKenxie's Department Stores, ERNEST HUNT, TURNER AND HESLOP, 127 Peatherston Ltd.). wJtQQWg lrYfffHitflttn, C*l ■ CHARLES PATRICK TODD, of Wellington, Company ORGANISING COMPANYJ££Z' HENRY TODD, ~ We,,,,.**,, Company 'W^V^t^^^ Director. Foathentan Street, Wellington, C.I * * »•"'«'"«< BRYAN JAMES TODD, of Wellington, Company Director. REGISTERED OFFICE ANDREW TODD, of Wellington, Company Director. 110-1 Iβ COI'RTENAY PLACE, WELLINGTON, C.I. Information about the Company K 7*!? f, 0 " 1 "* 3 "* * being formed to acquire all the shares in Todd Motors, Limited, ond Todd Motor Industries Ltd., Wellington. These two operating companies are closely co-operating 'vioior industries, Todd Motors, Limited, is acting as importer of ...e C.K.D. vehicles, as wholesaler and distributor nf ~~ factured vehicles, and carries on hire-purchase finance business, whereas Todd Motor lndust£« ! V"a assemble the vehicles on account of Todd Motors, Limited. lndustr.es. Limited, The whole of the net profits of this inter-working will be pooled in the new company. 2. Profit required to meet 6% pref. dividend is £15,000 per annum. 3. Certified combined profits of Todd Motors, Limited, and Todd Motor Industries Limited w«»r« fRj tik i eludes £35,668 deferred profits) in 1936 ond £110,273 in 1937. For six months on v to Marr fUll r Tμ Motors, Limited, profit was £61,826, and Todd Motor Industries, Limited fTlwel?! mon/hs ! l'? ?lf' ?? figures are subject to income tax. »«, lu.si/. me 4. CAPITAL RESERVE ACCOUNT. The purchase of the shores by the new Company is to hp m«H ,u u of the retention in the business of the profits to March, 19? d, and the assets rep"esentin th NJ" a is being paid by either of the operating companies out of the profits as at March 31 10 »k ~'<j end In the books of the operating companies the total sum of £74,173, being the whole o'f he net profα-of" both operating companies as at that date, subject to income tux, w I be transferred to Copital Reserve Acrount 5. PREFERENCE DIVIDEND EQUALISATION ACCOUNT. The Vendors of the shares who en. ,h. k m \ u ordinory shares in the new company, have agreed thot the first profits of thf new comoonv avaiK"? °l< dend shall be appropriated before any dividend is paid on the ordinary sharesln the neTcompony as follows':(1) Payment of &% Preference Dividend. (2) Transfer to a Preference Dividend Equalisation Account, £15,000. Thereafter further annual transfers of profits to the Preference Dividend Equalisation Account n ,. . k in priority to Ordinary Dividends until the sum of £30,000 in all has crVdftedt >P?e£eVc° fevSe d Equalisation Account. rrererence Dividend 6. In addition to the above information taken from the prospectus a review of th#» nmfii „„,! i ithat for the thirteen years, 1926-1938, the combined average profit Jos £34 H 4 °" f ' SUres showi This was after providing for all expenses but subject to income tox of Todd Motor Industry i • . a its inception, and Todd Motors, Limited (which, prior to incorporation in 19M traded 'J . Ce Company), whose figures include £35,668 deferred profits in 1936. ° dd Motor Copies of Prospectus and Forms of Application for Hharr* via,/ be obtained from am, *»r»,r , •»• Zealand Stock Exchange or from am, Branch of the Sational li,,nk of :"ew /Sl,Zn,l\ LiZitci"'' ° f "