Page 31 Advertisements Column 1

Evening Post, Volume CVI, Issue 85, 20 October 1928, Page 31

Write Now for Fully Illustrated Prospectus of the FIJIAN PINEAPPLE CO. LTD. Incorporated in New Zealand. CAPITAL .. .. .. £100,000 Which offer-, for sale t0.,000 ordinary £l shnrci. 7.500 of which hare already been applied for. A 10 Per Cent. Investment PROVISIONAL DIRECTORS: If athan Alfred Nathan, of Brian Lifford Hewitt, CornAuckland, Merchant, mandcr B.X. (Retired). ; ■ (Chairman of Directors of L. D. Nathan & C 0.,. Ltd.) David Laurence Nathan, of Ernest Davis ' of Auckland, Auckland, Merchant. Merchant. (Director of L. D. Nathan & (Director of Hancock & Co., Co., Ltd.) Ltd.) Godfrey Garrick, of Suva, Planter. High Quality of Fijian Pineapple Tn the lasj: two years actual marketing of 8,000 cases of "■" ""'■"■'"~--Jthc canned product in Ne-w Zealand, Canada, England, and to the Union S.S. Co., Ltd., has-proved it to be, if anything, superior to the Hawaiian article. It should be noted that the pineapple is not indigenous to Hawaii. In the present year Hawaii lias been visited by Commander Hewitt, who is one of the Directors of the present Gorirpany,. and the whole of the plantation: arid canning •'"'methods of the Hawaiian Pineapple Company1 have been studied at first hand by him under the friendly guidance of Mr. Dole, the founder of the industry there. First Crop January-February, 1929. All preparations have been made to ensure that a profit- . earning basis will be established immediately. It is estimated on a conservative basis that a crop of not less than 200 tons o£ fruit will be harvested in January 'i and Fcbroary, 1929. ■ , One of the experts of the Hawaiian Pineapple Company will arrive at Suva on November 2 in order to can the first season's crop of the present company. The company's Waidau plantation contains 1,039 acres of freehold and 333 acres: of leasehold, anill.-has'been the subject of several years' development work. The Company also owns a complete canning plant with a capacity of 6,000 tins per day. The New Zealand Market. The first and immediate market for the Company's output is New Zealand, whose annual importation of canned pineapple is equal to 75,000 cases of 24- 2lb. tins. The import duty on the Hawaiian article is 45 per cent., while it is only 25 per cent, on the Fijian. By January, 1931, the Company's production, together •with that from fruit produced by native or other growers (and not taken into account in estimating its profit) should approximate to the whole of New Zealand requirements. • The market in Canada and England has been proved, and within a short period New Zealand should be the Company's smallest customer. . The annual Canadian import of canned'pineapples is. equal to 285,000 cases of 24 2lb. tins, and is valued at approximately £400,000. It is divided almost equally between British and American produce. . • ■ • ''.- ■ ' '. There is .a'British preferential tariff '^of -|cent per lb., as against the tariff on American imports of 2£ cents per lb. This is equal to a preference of 4/- per case in favour of the British product. EXTRACTS FROM "MANUAL OF HAWAIIAN SECURITIES," Published 1927. . THE HISTORY OF THE HAWAIIAN PINEAPPLE CO., LTD., Profits, Dividends, Surplus, and Market Value. . ■ Market Price ■ .Year Net Divi- Rnte . ■Year'-S of £4/27- Shares: Profit, tlcnds. %. Surplus,". •, High; ■■, Low. £ £ '•.."' ■'■■'■.'-£:■ .'■ £. s. d; >.£': s. d. lfll-2 : »>; 31,100 19,500 .15 1J,60Q . 8 16 0 ' S 5' 0 1013 aw 63,G00 .21,000 15 : 42,000 * 915 0 7 0 0 1914 -. >>; ■" 34,100 21,600 15 ..-.12,500 ;-'-. ■7 14 0 (> SO 1915 «.• 24,700 21,600 15 3,lO0 ; •: 7 4 0 612 0 1916 w 79,600 21,600 15 58,000 .11' 17 0 7 3 0 1917 !*,••■ 82,900 41,300 21i 38,600 10 14 0 Sll 0 1918 >,- .. 51,500 44,500 18 . ' 37,000 10 6 0 7 fi 0 1919 "■•>■„•■' 205,700 70,900 23 134,800 17 16 0 9 5 0 1920 „.; 281,200 91,100 23 190,100 18 15 0 15 5 0 1921 i..; 132,000 100,500 20 31,500 *16 10 0 !) 1 0 1922 .. 307,900 131,100 23 : 176,800 17 14 0 10 5 0 1923 .. 569,000 210,100 17 358,900 13 4 0 10 9 0 1924 •■■•... 486,400 210,700 17 275,700 17 « 0 12 7 0 1925 ... 416,200 217,300 12 198,900 - 16 17 0 9 9 0 1526 ;.. 485,800 186,300 10 299,500 11 17 0 10 2 0 Special Cash Distributions are included above, as follows:—1917, 3* per cent.; 1919, 5 per cent.; 1920, 5 per cent.; 1921, 2 per cent.; 1922, 5 per cent.; 1923, 5 per cent.; 1924, 5 per cent; 1925,.'3 per-cent;; T92G,.'l per cent. From £206,000 to £2,060,000 iii 10 Years. In addition to the above dividend and cash bonus payments, the following / FURTHER ISSUES OF CAPITAL HAVE BEEN MADE. The par value of . the shares is £4/2/- approximately:— „r 1n,1918 the capital was increased from £206,000 to £247,000. In 1919 the capital was increased to £329,000. In 1920 a BONUS of £83,000, increased the capital to £412,000. In 1921 a.BONUS of £103,000.increased the capital to £515,000^ In 1922 a BONUS of 58 perxciit. and a sale of new stock for :*'"■' cash increased it to £1,23G.7000. In 1924 £10,300 new stock increased it to £1,246,300. /" In 1925 a BONUS: of• 33J per cent., and sale of one ne^v .share : „ for every, six, raised it t0'£1,568,400. ' V ,".'■' : In 1927.a BONUS of 10.per cent, increased it to £2,060,000. There is every reason to anticipate that this company will experience similar success, particularly in view of the friendly advice and active assistance of the Hawaiian Pineapple Co., Ltd. Apply to any Licensed Sharebrokers,, or to the Company's Chief Brokers, ■: G. STEWART CRAIG, LTD. To the Provisional Directors, THE FIJIAN PINEAPPLE CO., LTD., , C/o G. Stewart Craig, Ltd., .;. Messrs. H. IVORY & SON, Public Accountants, 212 Lambton Quay. P.O. Box 328, Wellington. Phone 42-400. Please forward me, without obligation, a copy of the Company's Illustrated Prospectus." " „ . •' . ".". „;' ' ... ■ ' Xo'mc ....»<...,..„..-..»'■...-r.-.^^»i>-*«i.;wi;.;..^.«., fc .. > -,»........ , A/ldrcss., .■■>■..»..««-....v...>.T..,..^......... „... ..-.,.. 0 .......,,