Page 15 Advertisements Column 1

Dominion, Volume 22, Issue 53, 26 November 1928, Page 15

BIG RETURNS for INVESTORS Unprofitable Coal Made Profitable With the advent of the “L. & N.” Process it becomes possible to treat Slack and Brown Coal as well as Bituminous and sub-Bituminous Coals, for the economical production of Motor Spirit, Lubricating Oils, Diesel Oil, and kindred products for which three million pounds sterling are annually sent out of New Zealand. In addition Smokeless Fuel with burning qual- of turning New Zealand’s vast areas of Brown ities far superior to ordinary Coal is pro- Coal to handsome profit, will, in turn, ba duced for Locomotives, Domestic and Indus- highly profitable. trial uses. The opportunity is now presented for investors Very little reflection is required to appreciate to obtain shares in “L. & N.” Coal Distillation that the introduction of “L. & N.” Processes (N.Z.) Limited—a Company being formed as to this country will be a progressive step of a subsidiary to Sensible Heat Distillation Ltd., great economic importance. the parent company in England. In turn the Similarly, it will be realised that association New Zealand Company will be the parent comwith the company which will furnish the means pany for subsidiary companies in this Dominion. “L & N.” COAL DISTILLATION {N.Z. LIMITED] (A Company intended to be incorporated under the provisions of “The Companies Act, 1908”). CAPITAL - - - - £lOO,OOO Divided into 100,000 Ordinary Shares of £1 OBJECTS. each, of which 50,000 are to be issued as fully c om p an y jg being formed for the purpose paid to the Vendors, “Sensible Heat Distilla- (jpter alia) acquiring from Sensible Heat tion Limited, London,” upon the conditions Distillation Limited, London, an exclusive mentioned in the prospectus and the balance license for New Zealand and its Dependencies are now offered for public subscription payable to make use> exerc i se or vend the “L. & N.” as follows;— Processes and Patents for the distillation of ' 2/6 per share on application. coal to produce Primary Oils Gas, Smokeless 1 Fuel and other by-products of coal, and for 2/6 per share on allotment, suc h further objects as are set out in the and the balance in calls of not more than 2/6 Memorandum of Association. per share at intervals of not less than two Sensible Heat Distillation Limited, the patenmonths. ’ tees o f the «l. & N.” Processes and Patents n -tr tj f r • 'j. j for the distillation of coal and other carbonbensible .neat, .Distillation Limited, aceous materials, have mainly confined their have subscribed for 10,000 Con- operations to the promotion and formation of trihntinn nnnn thp <tnmp subsidiary companies in Great Britain and mowing snares upon tne same other countries t 0 deve i op the processes by terms as the Contributing Shares direct operation, building and providing are offered to the public. “ L - & N -” P lants acting as technical ad- " r visors, generally retaining/an interest m such DIRECTORS. subsidiary companies in the form of share „ capital. Alexander Hamilton, Company Manager, It is deemed advisable that “L. & N.” Coal Wellington. Distillation (N.Z.) Limited, shall similarly Charles Prendergast Knight, LL.D., Barrister, operate in the capacity of a parent company in Wellington. New Zealand to assist in the promotion and John Gill Lancaster, M.Sc., 8.E., A.M.1.C.E., formation of Subsidiary Companies (which M.A.1.E.E., M.1.E.E., Consulting Engineer, Wl J] erect and opeiate L. &N. Plants at Waiiino-f-An suitable places in New Zealand), to tiade in Wellington. _ plants and by-products, and generally to take John Gerrie Neil, Manufacturing Chemist, a p s t e p 3 towards the use and development of Dunedin. the processes by licensing others to erect and Who will hold office until the conclusion of the operate plants either for lump sum payments, First Ordinary General Meeting, and two share of profits and/or on a royalty basis. Directors to be appointed, who will be nomin- The Memorandum of Association provides, ated by and represent the vendors, Sensible however, that the company may itself erect Heat Distillation, Limited, London, of whom and operate plants and works anywhere in New one will be domiciled in New Zealand, and one Zealand for the distillation of coals and other in England, and who will not be subject to carbonaceous materials. retirement by rotation. - ■ The company will also have power (a) To invest capital in New Zealand subINTERIM SECRETARY AND REGISTERED sidiary companies; OFFICE. (b) To negotiate, for and market by-products ~ r. ... nr. A-Mr, ' ATW D produced by subsidiary companies; and H ' F ‘ r A .s”’ i < c ) To enter into arrangements with existCustomhouse Quay, Wellington. j n g coa j and / or o ther companies for the RRmcFRS for THF COMPANY erection and working of plant in conBROKERS FOR THE COMPANY. nect i on theij , respective businesse3 K. Scott Gandy & Co., Sharebrokers, A.M.P. on such terms as to payment as are outBuilding, Customhouse Quay, Wellington. lined in respect to subsidiary companies. Estimated Pro Sits Coal DistiOataosa [N.Z. LIMITED] Revenue will be derived* from three main mately £2,250 per annum, and that ten units sources * - niay recisonubly be expected to be working (a) Sale of plant to subsidiary companies and within two years, providing an annual revenue other persons who may erect works. from this source of over £20,000 per annum. (b) Royalty payments on every ton of raw It is not considered necessary to enumerate coal treated by the process. other probable sources of income. (c) Dividends paid on shares held in sub- A cable received from London on. October 26, sidiary companies. 1928, advises that the London Stock Exchange It is anticipated that a royalty of approximately quotations are as follow:— 1/- per ton of raw coal treated, will be re- “Sensible Heat Shares, nominal value 2/ceived from each “L. & N‘.” unit, and it is per share, five thousand lots, 30/-. L. & estimated that each unit will produce revenue N.’ Coal:. Nominal„value 20/- per share to the company from this source of approxi- (fully paid), 40/-. SEND COUPON FOR PBOSPECTUS FILL IN AND POST TO:— | Coupon for complete Prospectus. e Please post to the address below Prospectus of n 1 on I " L & N; ’ Coal Distillation (N - Z>) Ltd - and K. Scott Gandy & VO. I Share Application Forms. Sharebrokers for the Company, g Name . A.M.P. Buildings, | Address..- . w) . . Customhouse Quay, Wellington. K .