Page 19 Advertisements Column 1

Press, Volume CIX, Issue 32252, 21 March 1970, Page 19

They're Racing! RANGIORA ON MONDAY NORTH CANTERBURY RACING CLUB NEW ZEALAND'S FIRST INTERNATIONAL MACHINE TOOL SMOW CANTERBURY COURT CHRISTCHURCH B*IBAPRILI97O SEE moro Hua sl} million worth of *ephisticßf«d fnachin* tooh ancillary •qulpment. SEE ISO maehlßß feels a deal ly working with mere fhae 40% of fhtsa machines acfeally being operated by highly skilled overseas operator* all brought to New Zealand to demonstrate these mechiaes to the best advantage. I For further Information obtain a Machine Tool Show brochure from your machine fool supplier or write Machine Tool Show, P.O. Box 13-152, Armagh, Christchurch.

BANK OF DEPOSIT WHERE TOU SAFELY GET MOST FOR YOUR MONEY. CANTERBURY BUILDING SOCIETY Offers the following attractive rates of Interest on deposits: Per Annum For 3|% 30 days 4% 2 months 5% 3 months 5{% 6 months 51% 1 year 6% 5 years Other term rites also eviil•trie. Interest calculated on daily basis for the number of complete days deposit held. Also, Shares providing Interest Free Loans by Ballot up to *30.000 are available. CANTERBURY TERMINATING BUILDINC SOCIETY ANO BANK OF DEPOSIT BUILDING SOCIETY HOUSE 159 MANCHESTER STREET CHRISTCHURCH PHONE 55-299

fe AN IMPORTANT MESSAGE TO SHAREHOLDERS OF THE NORTHERN STEAM SHIP COMPANY LTD R. A. Brierley Investments Ltd. has extended the closing date of its takeover offer to 30th April. In their own interests, Northern Steam shareholders are urged to sign and return the acceptance documents as soon as possible. Attention is drawn to the following important matters: 1. The most optimistic estimate of Northern Steam's 1970 profit by its own Board, is still LESS than the profit recorded in 1961. This total lack of growth during a decade of explosive inflation is a most discouraging sign for the future and contrasts strongly with the performance and prospects of R. A. Brierley Investments Ltd. 2. Despite the promise of a dividend later this year, Northern Steam shares remain BELOW PAR VALUE. There is now nothing to indicate any likely improvement in price and if the Brierley offer was withdrawn it is reasonable to expect that the shares would fall even lower. 3. From a modest beginning, R. A. Brierley Investments Ltd. has emerged as a highly successful group whose shares are keenly sought by local and overseas investors. THIS IS A FACT. Each and every Northern Steam shareholder has my strong personal assurance that, on all the information known to me at present, events in the foreseeable future will' more than confirm the wisdom of accepting the Brierley offer now. I believe that the offer will succeed and will prove to be of the greatest advantage to all acceptors. R. A. BRIERLEY INVESTMENTS LIMITED R. A. Brierley, CHAIRMAN OF DIRECTORS 483*