Page 16 Advertisements Column 1

Press, Volume CVIII, Issue 31663, 26 April 1968, Page 16

From 21 cwt, to 1 ton ... THERE’S AN XTIAN ELECTRIC FRICTION WINCH TO LIFT IT 4 models 2 j cwt. to 1 ton maximum lifts Seven features make the XTIAN an 4 MODELS EX STOCK outstanding winch: 1. Smoothness. 2. Model No. 1 5 cwt. single purchase at 150 ft. Ease of control. 3. Total enclosure. 4. 10cwtdouble P urchase at 75 ft - Large diameter drum. 5. Robust con- Model No. 2 21 cwt. in single purchase at st ruction 6. Completely equipped. 7. 150 ft. per minute. 5 cwt. in double purReadilv portable. chase at 75 ft. per minute. A- maamimvi ■» ■ -wm Model No - 32 i cwt. ® sin B |e Purchase at D PUD QT AU I Til 100 ft. per minute. 5 cwt. in double purchase ■ H> UnlllullHll LIU> at 50ft. per minute. Single phase power. num tawar Watt. Model No. 4 10 cwt. in single purchase at CM-iatckmii. Haaeii, lanrcardH. ' 150 ft. per minute. 1 ton in double purchase auxisM i»2i. at 75 ft. per minute. r> fW If It'a ataokad by Christian . ... - / f it's th* hnst «f Its kind / J th * w,rW A. A. Chri»tt*n LU. specialists in Power by BROOK Electric Moten Transmission by RINOLD Chuns Centred by FERODO Lininp

t RECORD PROFITS • HIGHER DIVIDEND INCREASED RESERVES • SCRIP ISSUE LOMBARD NEW ZEALAND LIMITED presents the following extract from the Annual Statement of Mr. Eric J. P. C. L. Knight and Mr. Maxwell Joseph, the Joint Chairmen of LOMBARD BANKING LIMITED. In 1967 we have achieved the most successful and GROUP EARNINGS 1963 -1967 profitable year in the history of the Group. tooo ACCOUNTS 3000 . 2SS4 BI «> U ' M OF>T Devaluation Consequent upon devaluation the sterling FFFFJ taxation value of our investments in and lendings to Subsidiaries retained in Australia and Canada, substantially increased and 2500 . zsi» " lOFIT the Group surplus arising and placed to Revenue mJ, %-S minorities Reserves is £3,521,000. The profitability of overseas 2000 w subsidiaries has been enhanced in terms of sterling. ’ mo ..’J 2 .. Profit and Reserves The Group Profit before Tax for ;¥:< mr, the year at £2,964,000 is £446.000 or 18% higher than 1500 ■ : l3 ‘° for 1966. 'M2 W During the year Group Revenue Reserves increased 1000 uso ''w/, 1 'z%' / in total by £4,185,000. Deferred Charges of the Group 7Z/Z wZ/, increasedby£2,927,oooandnowstandat£l3,l96,ooo. ; ?*£ . W 3«o Dividend Your Board recommends a final Dividend of 600 - %% 182 O ro spree 15% making a total for 1967 of 221%. This is an «5; dividends increase of 11 % over the total paid for 1966. n'V. 20%; 21;: air SreT"”"* Capitalisation Issue Your Board also recommends a 1963 1964 196 S 1966 1967 Capitalisation Issue to Ordinary Shareholders of one new Ordinary Share for every five Ordinary Shares OVERSEAS held on 25th March, 1968, which will rank for interim Lombard Australia increased pre-tax profits by over and final dividends for 1968 and it is their intention, 50% and its reserves were substantially increased as a in the absence of unforeseen circumstances, to main- result of devaluation. This materially enhances tha tain the current year’s dividend on the increased valueof the Bank’s investment, capital. m BANK Lombard New Zealand Despite a tightening of Hire . 1.--4 n vi . -j Purchase Controls in February 1967, this Subsidiary ■ B Lombard Banking continues to provide its wide range successfully surmounted the difficult conditions and the of specialised serv.ces oan mcreas.ng number of overall result is an increased profit for the year 1967. Customers, and several specialised Persona Loan a, . • . . _ .1 . . The reconstruction of the offices which we acquired The Rank acnuired 7L« en r in We,lin Bton in 1965 has now been completed and u t i 1 L T ) J ° n wi " P rovide a worth > Head Office Lombard Weekend Teev.s.on Lim.ted wh.ch holds the nde- New Zealand jn additjon to accommodating the pendent Televtsmn Author.ty London weekend Wellington Branch Office, programme contract. Constant Bank Rate changes present a major Banque Orca adjusted to a trend towards Personal problem to banks. From 1951 until 1967 Bank Rate Loans increasing both turnover and profit in so doing, changed no less than 35 times. Realising depositors We believe this investment will continue to appreciate, dislike frequent changes we changed our deposit interest rates only 18 times in the same period. Lombard Banking (Cyprus) has not been adversely affected by unrest in the Middle East. This Company’s SUBSIDIARIES results for the year made an excellent contribution to Lombard Bank Ireland moved its Head Office to a fine Group profits. I building in Dublin, to enable expansion of business in I Ireland to continue. CONCLUSION I Lombank combined quality and volume of new We express thanks to the Chairmen and Directors Of business with low levels of default and produced the Subsidiaries at Home and Overseas and to Local most profitable year’s operation in the history of Directors, Executives, Staff and Professional Advisers, 19 Lombank. who have all contributed to our success. | LOMBARD NEW ZEALAND LIMITED ■ Head Office: P.O. BOX 3444, LOMBARD HOUSE, JOHNSTON ST., WELLINGTON, Cl. Tel: 71-646 / A MEMBER OF THE LOMBARD BANKING GROUP