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Scientists declare and Industrialists confirm that— . - The solution of the present unsatisfactory state ■ of our Coal Industry lies in the use of Coal Distillation Processes which will convert raw coal into commodities for which there is a great . and ever-increasing demand. In New Zealand, as elsewhere, the Coal The “L. & N.” Process has been evolved, Motor Spirit Lubricating Oils, . Kerosene . . Industry is found in a state of depression. ?fter extensive experiments and res earch fue] which raw coa] ;n eyery resepcf> - 1 Few mines are working full time. Many in order that all kinds o coa sou & Subsidiary companies are operating in Eng- . hardly work at all. And all the while, vast utilised. In principle and construction iis ] an d, France, Germany, Northern Ireland resources of national and personal wealth in revolutionary, and in effect it promises o Australia, and before long New Zeathe form of extensive coal.deposits remain become the “Ivatrnn of the Coal Lndustry. a]so haye . >L &N •• to deye]op untouched. AU Coals can Now be Converted into Products extensive coal deposits that so freely abound of Every-day Demand. in this Dominion. It is of paramount importance to the Do- AN ” Coal Distillation is doing what The Initial Step towards bringing Prosperity minion that its natural resources should be • • • before It has provid- to the Coal Industry in New Zealand, developed to the fullest extent Not only t”X slack from UgnTte, The initial step to the introduction of “E. &’ will reduced importation result, but emp oy Brown Sub-Bituminous, and Bituminous N.” Processes into New Zealand is reprement of labour will be increased in z , thereby producing sented by the company now being formed, mines and new avenues opened. j Abridged Prospectus “L & N." COAL BISTILLATION ®LZ.) LTD. (A Company intended to be incorporated under the provisions of “The Compan.es Act, 1908.”) . Divided into 100,000 Ordinary Shares of £1 each. 50,000 Shares are to be issued as fully paid to Sensible Heat Distillation, Limited, London, the vendors of “L. & N.” Licenses IT"® o*l H HW STB fir® IMB on the conditions set out in the Prospectus. The balance are now offered for public subW WIS JBL W scription payable as follows:— 2/6 per share on application; 2/6 per share on allotment; vsar and the ba j ance j n ca n s o f not more than 2/6 per share at intervals of not less than two months. Sensible Heat Distillation, Limited, London, have already subscribed for 10,000 Contribute DlRECTORS.—Alexander Hamilton, Company Manager. Wellington. R Charles Premier. ing Shares upon the seme terms as the Contributing Shares are offered to the public. WeihX G’orrie Ned, tnlerim Secretary and Registered Office.—H. F. Aden. F.P.A.N.Z., A.M.P. Budding. Cue. Chemist, Dunedin, who will hold office until the conclusion of the First Ordinary tomhouse Quay, Wellington. Meeting, and two Directors to be appointed, who will be nominated by an represen e RROKFRS FOR THE COMPANY.— K. Scott Gandy & Co., Sharebrokers, A.M.P« BuSclombou.eQu.y.Wei.ington. . T I i deemed advisable that "L. & N.” ESTIMATED PROFITS OF ‘L. & N.” THE BIG MARKET READY OBJECTS. Distillation (N.Z.), Limited, COAL DISTILLATON (N.Z.), and Waiting for “L. & N.” Products in New Zealand. . The Company is being formed. or A - lt y UMTEB. ' the purpose of (inter aha) acquiring of & parent Company in New Zealand. Revenue will be derived from three Kerosene, Benzine, Motor Spirit, Gasoline and Benzoline average from Sensible Heat Distillation, Limit- main sources:— over £3,000,000 per annum during the period 1923-27 inclusive, ed, London, an exclusive license for T . Memorandum of Association (a) Sale of plant to subsidiary com- of these importations, the bulk comes from countries which, by . •‘■he ” lemor panies and other persons who may their high protective tariffs, virtually close their doors to New Zealand New Zealand and its dependencies to provides, however, that the company erect works. goods and produce, and it is carried in foreign ships. make, use, exercise or vend the “L. & . j ooera te plant and works (b) Royalty payments on every - ton of « L> & wi n p i ay a very important part in contributing N ” Processes and Patents for the dis- Y K , -r 1 J t .k J' raw coal treated by the process. t o, and in maintaining Dominion prosperity, and, in addition, bl K es and Patents the anywhere in New Zealand, for the dis- Dividends paid on shares held in -ill earn for shareholders dividends far above the average k tillation of coal to produce Primary of other parbonace . SdTary companies. The w hole subject is fully explained in the “L. & N.” ProsOils, Gas, Smokeless Fuel and other by- materails J t is anticipated that a royalty of ap- pectus, copies of which are obtainable from the products of Coal, and for such further proximately 1/- per ton of raw coal Chief Brokers: objects as are set out in the Memoran- The Com any w iH also have power treated, will be received from each ‘‘L. r* A dum of which is included & N. v unit, and it is estimated that M W* © in, and forms part of this Prospectus. (a) To invest Capital in New Zea- eac h un it will produce revenue to t e AMP Riiildinii Customhouse Quay, Wellington. i j d-kolrliarv Comnanies company from this source or approxi- M.ivi.r. e>> Sensible Heat Distillation, Limited, land Su y ’ mately £2,250 per annum, and that Send c oupon f or Free Illustrated Prospectus. ' the owners and patentees of the ”L. ... „ . . f or an j m arket ten units may reasonably be expected & N.” processes and patents for the ° n j° , , , , to be working within two years, pro- | distillation of 00.1 and other carbon- by-products produced by sub- viding „ a ) revenue from th.s | COUPON SOF 1-Ompie .-I, - i c J sidiary companies. source of over izU.OUU per annum. it M Fill in and post to: — aceous materials, have mainly confined , g not considered necessary to enumer- | F,U Q p ANDY &CO - their operations to the promotion and T o en ter into arrangements with ate other probable sources of income. 0 MESSRS. K. SCULL cc •, formation of subsidiary companies in existing coal and/or other com- A cab i e received from London on Sharebrokers for the ompany, . Great Britain and other countries to panies or persons for the 26th October, 1928, advises that the A.M.P. Building, Customhouse Quay, g develop the processes by direct opera- f & p| antg j n London Stock Exchange quotations p^se post to the address below Prospectus of “L. & N.” Coal tion, building and providing “L. & N.’’ erec ion o ... . are as follows: Distillation (N’.Z.), Limited:— i. o plants, and acting as technical advisers, connection wi eir respe “Sensible Heat: Shares, nominal •• n ■ ... ui. a- r- ». • businesses, on such terms as to value 2/- per share (fully paid), five Name generally retaining a substantial mterest .... thousand lots, 30/-. “L. & N.” Coal: in such companies, in the form of share payment as are ou me in re Nominal value 20/- per share (fully Address capital. spect to Subsidiary Companies. . paid), 40/-.”
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Dominion, Volume 22, Issue 50, 22 November 1928, Page 7
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1,469Page 7 Advertisements Column 2 Dominion, Volume 22, Issue 50, 22 November 1928, Page 7
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