Page 12 Advertisements Column 4

Dominion, Volume 22, Issue 116, 9 February 1929, Page 12

SUCCESSFUL FLOTATION OF THE GRAND CENTRAL BUILDIAG, LTD., DEBENTURE STOCK, GOING TO ALLOTMENT MONDAY NEXT. „ It does not take long for the New Zealand public'to recognise the soundness of investing money in Itroperty development in the prosperous City ot Wellington. The Grand Central Building, Ltd., formed to acquire and develop the extremely valuable site on which the Albert Hotel now stands .at the important corner of Willis and Boulcott Streets, Wellington, has had a successful flotation ; £25,000 of the Debenture stock has already been applied for, and the Directors go to Allotment on Monday next, JebThe nominal capital of the Company is £70,000, and the present offer consists of £40,000 per cent, second mortgage debenture stock. The intentions of the Company include the Erection of the Majestic Hotel and 19 important shops. The Hotel is to possess 185 bedrooms, and cost approximately £90,000. It will prove a necessarv addition to (he first-class hotels of Wellington. Arrangements have been made to lease the new Hotel, and eager inquiry is being made for the shops. It is not the intention of the Grand Central Building, Ltd., to engage in trade; it will derive its income from the rents of the hotel and shops. The prospectus discloses figures, showing the large margin in the security, and estimating the annual rental bat will, accrue from the developments at £l6. <9(l per annum, which, after allowing for a Sinking Fund, is more than twice the amount of first-mortgage and. debenture stock interest. Property investment such as this is not speculative, and those who are seeking such an investment should make a note that the subscription list will be cjpsirig shortly. Further particulars may be obtained from The N.Z. Underwriting and Development Corporation, Ltd. Box 986). National Bank Chambers, Wellington. or Premier Buildings, Durham Street, Auckland, —Advt. .

WEEK-END RETAIL QUOTATIONS The following list of cash retail a what is being charged over the counter :n the do not include delivery. Suburban pn (cooking); tomatoes, Fr^-Tu Pe T- 4d - ( i e / doz i’N Z lemlns, 2/- doz.; 4d. to 6d. lb; bananas. 1/- to 1/6 doz oranges , . 2/ _ t<> Californian lemons, 2/6 to ->/ . V t 4d . an d 6d.; 3/- doz.; apricots. 6d and Bd. lb « coa "" s> ’ 3d . to g d . lb . ; raspberries, 1/6; peaches, . o . ’ 2 /. lb.; Californian grapefruit. 6/- doz- hothouse 8. ra P° 8 ’ ’ Z ° ‘° Od / lb . ; kew season’s oranges, 2/- to 3/6 doz.; nee lb . greengages, each; carrots and turnips, 3d. bunch, P ar ’ n 'P’ , . , i 3d 3d bundle; onions, 3d. lb.; potatoes, 5 to 81b. for I/-, lettuce, Jd . t° cac h’j r^l “^ >a |j’ I/-’, beans? 6d lb. d green pias, 6d. lb.; butter beans, 6d. lb.; pumpkins, 2d ’ "Groceries—Best eggs, 1/10 doz.; good table butter. 1/BJK; p 4 n^id b x:U >/ e 4 r ib :; . N Lnr ±ke't’ and 4d’ bufk honey and clover honey, 9d. lb.; rice. sago, barley and tapioca, all 3d lb ; Spanish muscatels, 1/6 packet; Cahforh.an lOd packkt; Turkish figs. I/- lb.; new-season . Frend b waln“U (shelled), 2/6 lb.; Californian prunes, 30-40 s, Bd. lb., mild Ched dar cheese 1/- lb.; matured Cheddar cheese, J/4 lb. ■■ ■ dar Hah--Round fish. sd. lb.; flat fish, 1/-; smoked fish, 1/2; lb • gravy beef. sd. lb.; sirloin of beef. lOd. lb.; ribs of beef, 7jd. lb -’llgs of mutton. lOd. and l id. lb.; mutton chops. lOd. and I Id. lb" trfpe, 6d. lb.; mincemeat, sd. lb.; beef sausages. Sd. 1 lb.; pork sausages, I Odi Ww fio.wed bgef. 5A4 and 7 id. Ibst sprma iamb, to IZ2 fe ’