Page 4 Advertisements Column 1

Auckland Star, Volume LXIX, Issue 221, 26 September 1938, Page 4

- THE COMPANIES ACT, 1933.*—A copy of this Prospectus I s wag delivered to the Registrar of Companie. at Auckland for regietration on the »th day of September, 1938. | Offer at Par of 120,000 5i% Cumulative Preference Shares of £1 each THE NEW ZEALAND FARMERS' FERTILIZER COMPANY LIMITED NOMINAL CAPITAL £500,000 (Divided into 150,000 Preference Shores of £1 each and 350,000 Ordinary Shares of £1 each) ISSUED CAPITAL £261,995 (Fully Paid Ordinary Shares) Directors: Bankers: A. A. ROSS (Chairman) BANK OF NEW ZEALAND S. IRWIN CROOKES, H. R. MACKENZIE, Solicitors: /• G. L. MARSHALL, J. WILSON Messrs. STEWART, JOHNSTON, HOUGH * AND CAMPBELL, AUCKLAND ; Managing Director and Secretary: Auditor* J. WILSON J# A . DUNCAN, F.S.A.A. (En*.), Registered Office: A . D . IJ FP^ (NZ \ ) ; etc ' Yorkshire House, Shortland Street, Auckland Acacia Building, O Connell Street, Auckland . * Brokers Acid and Fertilizer Works: Messrs. FRATER BROS., Te Papapa Auckland *. L 2 Sw » nson street, Auckland Smart Road- - - - New Plymouth & 'Ifocf PROSPECTUS ,0, " , 12O '°° 0 {of the totQl of 150 000) PREFERENCE SHARES OF £1 EACH on the following terra:— S/~ n~ lh«? °7 aP £l fCQt L Or ;- u , 5/ - per share 3 months ..: 5/- per share (or the whole bal- after allotment. Srwi de s«red by applicant) 5/-per share 6 calendar months 30 days after allotment. after allotment. Dividend and Capitol Rights of the Preference Shares the net profits of the company for the past five re*™ /*w THESE SHARES will carry A FIXED PREFERENTIAL CUMULATIVE t^na^TS* 1 ?!™*? 12 ?* * m ° Unt tha * K ' DIVIDEND of 5J PER CENTUM PER ANNUM ON THE AMOUNT PUD shares nowoffirpJ Tlfn S? P / dmd ? nds for th »t Period on the ' UP THEREON, PAYABLE HALF-YEARLY. This dividend will have flit to over &2 SSo whpJl« £ P* fi ° an s ,al year just ended «™w»ti4 , *.«.„„, for N.w I MU .. ff ' T =* i' THE OBJECT of the new issue is to provide further capital for the n ..•■>• l. r ._ development of the Company's operation, and to reduce its loan capital. Respective Rights of the Preference and Ordinary the year 1922, since when the history of the Compaov is practically an THE fOLLOWING EXTRACT from the Articles of Association seta tmt unbroken record of success. The following figures indicate the Tigress more <«"*«« right* of the preference shares:-? AMOC^ tlo, » «*• «• made over the last five financial years (each year 3Ut ifay)— - - (b> Th ' refer w " £74,255 £17,718 5 £45143 PI 0 /" 8 °L the Com P»nv shaU be applicable In the nrst instance to £80,813 f15.837 5* £405*0 S . U £ h dividendl which San* £97,878 £21,100 « £59 974 preferential dividend has been fully paliL TnTpVeftr^c?lharei £106,105 £22,224 6 IKs tn^Company'!^ , ' aDy Tlght " ' «*«**«•^ta'Se^roa^of The Company specialises in the manufacture of sulphuric acid, euner- (C> sVtisfa??ioS®n < r° m ,^ a >i y h b , em,r 7O? n « ?? «>ei «s»ets rematalnf in New Zealandl of bluestone and sulphate of iron and is the largest 5, 0, , a H ers . s,,an be "PPHcaWe Urstlv toTpavlnent of aS* arVeaSTof producer in the Dominion of lime-sulphnr for orchard sprays. P S.V'JS'I °?» tbe Drefere nce shares, whether earned TdSS or m. _ m, . .. . ' ' no » »P to the commencement of the winding- urJ npxt in nivnwnt • The world's production of superphosphate amounts to about fifteen £ n r ,^ ,urn , of th w e cap,tal pal(1 "P °" tlle pS^iK " Th" Zealand is interlocked with the '&SSVS&K -J . * ! u f*, Pfererence shares or with the sanction or an extraordinary The demand for superphosphate has increased considerably over the th!^re°rer P n^ e ihVrA KV E, U9 * en ? r , ai me « ln » ?' «e holders or SS£: casi" ,n * 7 r " eon,,>,7 - "**— "■" "■" S«^«aM. , us s Since the year 1925, when the paid-up share capital of the ComDanv <e> hSfrt?r°<! (I nr' S n^.? rerere H nce shares slla,l nave tne same rt rt" "«» wUs e at nt a fi cri /"»>-«»>-*£• hae establShTS, S ftuX VSTcSSSSS* IrJo * «™S3I l»r«, capital , outl »y.of approximately £200,000, and has JM"? i Of , the Com P an y- Dut they shaU not bSenWled f* 1 *?" k r- Wa " *W- J5 is s: S- . n d tj: r' -- - *•«—- — demand referred to. P supplying the increasing and the Company in general meeting sanctions and rank in respect of mu. r>; rantn k j capital and dividend after the preference shares. (a) On a show of hands every such holder present in person has Securifv one vote * THTSSTS SHARES offer a MOST ATTRACTIVE rwVFßT\nrvr •*•. (b> V pOl i,? W3 £ ?. n ? h h °. Mer bae one vote for exeT 7 two ,har * i EXCELLENT SECURITY UIVJS INVEBTMENT, with - or fraction thereof held, with a maximum of 100 votes, and votes rpi, « .„ t ma y be B^ ven either personally or by proxy. SHARE AT SSFUSH? WttaTS." , * h ° ,derß ° f P referenCe ehar " have the — VALUE OP ASSETS wvjiwji.ij by at LEAST £3/14/- power as the ordinary shareholders. The rights attached to the preference shares will not be subject to variation without the consent fa «.„. „, .. „ . . , !T ltin « 01 the holders of three-fourths of the preference shares ieeued or Copy of th. Company*, balance-sheet a, at the 31,t May last:- SlSffi^ P a - d at a «P™t. genera. LIABILITIES ASSETB . SS^KT" , t0 h P a^ O e^p"7 O for procHng subscHpt.o,. Authorised Capital- * *** La ndß ., d . * ••*■ for «y °'the ehares now offered will be at a rate, not exceeding 2} percent £!°rch: Bh S.oS e^ chi ar ,y AucS agn 'd : of udlto / «» *° Profits, Dividends, etc., capital: 2d iht PrSSS Three F,n «ne«el Years up to 31st May, 1938 *i ' u « n res at at cost, less de- Auckland, C.I, £1 each, fully paid 2(i1,995 0 0 preciation .. .. 402189 18 ft 24th August, 1938. ;" SSll S a*? 'Wv - - »«" THE NEW ZEALAND FARMERS' FERTILIZER COMPANY LIMITED felH :: TO , 1 S^£S"!. :: 50,8 ?o 01 o 0 o 0 Snk o?New Zeil '" * " F«rHr * hat the " P rofit « »*de by The New Zealand Farmers' and Loss Am>ro- Year ended 31st May, 1936 .. .. £19,373/13/10 £528 730 all «« - J^ at f 8 .v of dlv,dend P aid by the Company in respect of its shares 311 £528,739 811 fa res P e «* of the said three years were ae follows:— m^^^m ~ m — SBBBKS Dividend for the year ended 31st May, 1936: 5§ per cent. Dividend for the year ended 31st May, 1937: 6 per cent. "■- == = ===== ================== Dividend for the year ended 31st May, 1938: 6 per cent. From an examination of this balance-sheet it will be seen tfcut f>,. J - A " DU?rcA N, F.S.A.A. (England), etc, assets of the Company exceed its liabilities by £344,192 (r"S flSires» Public Accountant > fh'iis.Kss;"t f agr7^ rt dividend (£i5 ' 7,9) - the Auditor ° £ ab °- °»w- - S^ RE f may be made direct to the of touows.— out; as the Company at its registered office, Yorkshire House, Shortland Street, SSSb'VS? ° Ver ,iabilitie8 ' " ab °- fIW. E^nge'asVf^ten^iS^' 8 " ° £ a St ° Ck 6SM £120,000 .. J ? t he event of the issue being over-subscribed, the Directors reserve of i 2O ' 000 eharee - S^L^rarsArs? ,1 sharehoiderß and to aiiot s any Or £3/14/8 per share. ' '* Dated this 9th day of September, 1938. It is not intended to issue the remaining 30,000 nreferenee >k<i». ♦ ALEX. A. ROSS, .SLKSS? T' " the Whole 15O ' m Preferen« shW were SZFLK H - R - MACKENZIE, - S. IRWIN CROOKES. I