Page 14 Advertisements Column 3

Press, Volume XC, Issue 27473, 6 October 1954, Page 14

j nof duly comply with the requirements of Companies, Auckland, The consent of the Mmirterw■ prospectus. U4O) has been obtained for the issue of shares offered m tn, era e FLETCHER HOLDINGS LIMITED , • nr under the Companies Act, 1933) (A company incorporated tn New Zealand capital £2,000,000 Authorised capital £3,000,000 Issued capital is now issuing 500,000 5% "C" CUMULATIVE PREFERENCE SHARES OF £1 EACH AT PAR aggregate tax-paid profits of the group are over six timea Directors! s ” m required to pay the cumulative preferenc. James Fletcher, Kt., Auckland, Chairman. j; v ;dend on the “C” Preference Shares. James Muir Cameron Fletcher, Auckland, Managmg dividend on me Director. _, Turnover: John Thomas Martin, Wellington, Company Director. turnovers of subsidiary companies over the past Eric Houghton Rhodes, Auckland, Company Director. years were as follows: Arthur Curzon Isaacs, Auckland, Company Manager, Year ended 31st March. John Ernest Robert Crooks, Auckland, Company . £ 6,735,309 Manager. {XeY ~ £ 8,232,926 John Shearer Fletcher, Christchurch, Company Director. £11,154,014 Leonard James Stevens, Auckland, Solicitor. £12,179,010 oS 72 - - - - £14,900,877 Objects: . The objects of this issue are to provide funds to main- R j~|,f S o f "C" Preference tain a reasonable balance of working funds to the s|, are hoiders: activities and turnover of the Company s subsidiaries. holders o f a ]l classes of shares are entitled to attend and The proceeds of the issue are intended to be used by the votc flt gencra i meetings and to receive Directors’ Company for investment in or loans to the subsidiary eDOrts Profit and Loss Accounts and Balance Sheets, companies. The Fletcher subsidiary companies are among the best known in the fields of construction, Dividends: manufacturing and distributing and have wide separate rgt dividend on CT Preference bnares will be pay. interests in New Zealand in steel, timber, timber a b| e j n reB pect of the period ending 30th April next and products, and building materials. will be an apportioned one calculated on the amount paid up from time to time. The dividend payable in Security: respect of the broken period to 31st October, 1954, will Based on the results of the past five years and after allow- be j nc i u ded in the payment of the dividend tor the year ing for dividends on 50,000 6% Cumulative Preference ending 30th April, 1955. Shares and 250,000 5% Redeemable “B” Cumulative Preference Shares, the average dividend paid by the Listing: , . . . subsidiary companies is nearly four times the sum Application for the quotation of these shares inthe required to pay the cumulative dividend of five per cen- official List of the Stock Exchange Association will be - turn per annum on the “C” Preference Shares. made immediately. Based on the trading results of the company and the subsidiary companies and after allowing for the dividend Underwr.. g derwritten on behalf of The on 50,000 5% Cumulative Preference Shares and lhe issue na. ” , 250,000 5% Redeemable “B” Preference Shares, the Auckland Stock Exchang Prospectus and Application for Shares; . r . . , JU tnvii.tion to the Public to subscribe for shares. Applications This advertisement is not to be regarded as an > nv "*«°” p ro6Dec tus. will only be received on application forms f * Misapplication forms is available only through • Member affiliated with the Stock Exchange Assoc.at.on of New Zealand- • *J Social Security Tax: Social Security Ta. at th. present rate will be paid.

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