Page 13 Advertisements Column 2

Evening Post, Volume CVIII, Issue 42, 17 August 1929, Page 13

(Abridged Prospectus.) PAETICTJLABS OP ASSETS. Dated the 9th day of August, 1929. New premises at -actual cost „ 106 472 18 8 A copy of this Prospectus has been filed with the Registrar of Companies . :New fixtures, fittings and equipment at actual cost (exclusive at Auckland. . of contents of Lounge and Kestaurant) 25,229 14 10 M___, Original three storied brick and concrete building, contain--0 • SI IDg 2 shopS and 24 offites facing Willis Street. _ _ —i.- -» I L-k m •!»«/• (These premises were renovated and modernised at ■ S^IAQTiIP 1 MP^iITP the time the new theatre was erected.) Originally ajCSLIC I IlCail C TmhoV fi£*™£ :: z ;;. ;; ;; ;■ ;; » %gj ; ; (Wellington) Ltd. *„,,.. £22447713 c (A Company incorporated under "The Companies Ad," 1508.) . Atter deducting the original encumbrances of £112,000 this net balance AUTHORISED CAPITAL : £80,000 " — «- **• «■• -~t * (of which £55,607 is issued). V < r /" o 7 • rm. „ , THS PURPOSE OF THE DEBENTUBE ISSUE. UfferS fOr bubSCriptlOn : „ The '^ h°1« of c amount & £50,000 represented by the present issue o£ n i ■ ■ b per cent. "B" Debenture Stock has been expended by the Guarantors £50,000 Of 8 °/0 "B" Mortgage Debenture StOCk ??£ £*»!" P«™^» <* ■«« Company. The purpose of'the present issue „, - „. , , ... + T« ♦ *rt •• i consolidate that expenditure into a permanent and convenient form. The due and punctual payment; oi interest and the repayment of the principal is guaranteed unconditionally by FULLER'S PICTURES LIMITED and CEETITIOATE OF UNIMPROVED VALUE OP trephot t» <ittp » HAYWARD'S PICTURES LIMITED, each of which companies has a paid- ~ : : *g.x.*nm J u »u.x» f up capital of £103,375. The net assets owned by these two companies have t.-j^T ?l ? '■■ . ■■< a total value of approximately £250,000. • ' Land> House an* Estate Agents. . : Trustees fox the Debenture Holders: ' Wellington, N.Z., _.. WATKINS, HUNT, HULL & WHEELEE, Chartered Accountants (Aus.), The Chairman of Directors JWy 26th, 192^ - Wellington. Majestic Theatre Co. Ltd., ■ ■ , Directors r Willis Street. Wellington ■-'"* HENRY HAYWARD, of 'Auckland, Theatre Proprietor, Chairman of Dear Sir,— ™" •'V Directors of The New Zealand Picture Supplies Limited, Director Acting under your instructions we have inspected the property of you* ' of Fuller's Pictures Ltd . . : corners in the city. The frontage to Willis Street of 55ft Sin is exactly THE NATIONAL BAn/o'/'neV ZEALAND LIMITED. Sed .^ ** **?■**** «™»«U™ at h- «•««>" W. Auditor: , . We are °5 the opinion that your Company has been most fortunate ia J. M. ELLIFFE, F.P.A., N.Z., Public Accountant, Durham Street, Auckland. being able to buy four adjacent blocks such as this holding, giving it a total Solicitors- mr *h* T<w aroa °f 1 rood-3a perches, with such a valuable frontage to Willis Street-: solicitors. secretary tor the issue. and the convenient frontage to Boulcott Street ™<1 th? r;<»ht nf -»>■• XAPIEB, HERMAN & SillTH, P. .E. PATTEICK, we valae it as follows:— right-of-way, an* A.M.P. Buildings; Queen Street, Public Accountant, A.M.P. Buildings T i,. T , ml -.-. o . . -„..„. ~. ± , ' Auckland. Wellington. The Land oof t^n to Street by a depth, of . .-■■ (jjjjjjjjj^j^ - ri ""-t* l"iln, at suOO a foot 27 C 25 0 (fc The Majestic Theatre (Wellington) Limited was formed for the purpose :' Jilhflt^*'i*o^* i*-^l*? toSflj" 30ft ' ' ■ £ . of building a modern theatre on the site originally occupied by the Empress »„ °^h ?i w C'2t^ S l trcct I hcl'i m conjuiu- . ,-jj Theatre, Willis Street, Wellington, and the new premises were'opened on the " f °nW 3nd Boillcott Street 13th day of May. 1929, since when' the theatre has been operating most Th« PnJwf «(•'' ..'* " '' 21' 400 °•" successfully and the other parts of the buildings have produced excellent nT,?^ ,?f • % -x^T^ lOrn 9i' hl by maxi" rentals. - "™m of at cost price paid in 1927, The Majestic Theatre is the largest and most modern, in New Zealand, completing -the block .. ..... ./ .. 27>000 0 s having a seating capacity of 2400 persons. The buildings include two shops, Total ' ' ' — ' 24 offices, capacious restaurant and tea room (with, a capacity of 400 per-. • £76,025 0 Olsons) in addition to the theatre itself, and they are erected in the most ", ?' lie acquisition of the right-of-way and the Boulcott Street frontasra--modern fireproof steel frame construction on a freehold sito of half an acre, {! aS away witll the uecesaity of using part of the valuable Willis Street with a frontage of 55ft. io Willis Street and 109 ft to Boulcott Street, while frontage as aa exit from the Theatre. HWS the total depth from Willis Street is 245 ft. This property is one of the most We are, dear Sir. ;s? valuable in New Zealand, and is valued in detail at the end of this •• Yours faithfully, T Prospectus at the total figure of £224,477/13^6. (Signed) lIAKCOURT & CdJ In view of the advent of Talking Pictures the original plana for the rvp-orpT-rrr. a m theatre were extended, and additional equipment was installed with a view OF EXPENDITURE UPON NEW PEBMISE3. toi making it equal to any demands made by this new form of entertain- ~ - ~ ; ~~. "T, T"1" ment, which requires high acoustic properties from theatres in which it is ' Auckland, used. . 'The Directors ' 7^y 27tb ' 192fkl • The whole of the issued capital of £55,G07 is fully paid as hereinafter Majestic Theatre (Wellington) Ltd set out. , ■ ■ Dear Sirs, The property is subject to a. first mortgage for £62,000 at 6 per cent. I have examined the Books and Recounts of tM. A fa i«f tv, t ■ per annum m favour, of the Public Trustee, and also to £50,000 of 8 per (Wellington) Limited, and hereby certify that th~• »^ « I?% cent. 'A" Mortgage Debenture Stock, making a total of £112,000. After . Lpenditare by this Companr n P on thfnew M^til Th«trf ™£l*^t deducting that amount from the total assets there is a margin of been as follows:— Juajestic ineatre premises has £112,477/13/6, which'is more than twice the amount of the "B" Debentures ■ ' ' now being issued. ■ . Actual cost of Bi'ld" ' £ s. d. the applicant. Applicants may afterwards, if they so desire, apply to con- and Eestaurant) contents ot:Lounge vert any parcels of stock into bearer certificates. Debenture Stock will bs " " 20,229 14 10 issued in multiples of £50, with a minimum of £50. • —" ; Interest will be calculated from the date of allotment of each amount We mitrhr afld n t *h« v • - ' £231 '702 13 6 paid, and will be adjusted to the nearest half-yearly interest date following include the installation nf 1 ♦ * eX£.e^- tUre on cc luiVoiQnt does noc payment m full. Payments may be made in advance if desired. in<*udes only, Perlofl- Th 'q f T™*oP DEBEOTTOE ISSUE. ' g Yours faUhffi" ■ „ -, n^ ? V •S ck wli'Mcome due for payment on the 10th December, ' . j m ELLIPPF Vi> a k? § 1942, thus having a currency of 13 years and 4 months. . 'm- JjJjJJ! ■* - t-F- A -> N.Z. r Interest will be payable half-yearly without any deduction on the 10th —~—————— -' ' ■ - flay of June and December at tlie ra;te of 8 per cent, .per annum, subject to incomo-tas: only at the rate at which the debenture holder is taxed (if at all). . Frvrm rvf At\t\l?^o+;^», -P^« n 1.- i " Security: Kegistered Mortgage and Trust Deed over the whole of the OI APP"CatIOII lOr Debentures freehold property, including fixtures, fittings and equipment, and all other To G. STEWAET CE4IG LTD assets bf tho company executed by it in favour of Messrs Watkins, Hunt w.7 \ KAl(*> L™- . : . Hull & Wheeler, Public Accountants, of Wellington, as trustee for the c /.° p- E- Pattrick.Jiox 542. Wellington. " debenture holders, subject only to the charges mentioned above. The Deed , <„-■■. .■-?■-■ provides that no other security except aa herein stated shall be given over J HKREBY APPLY for and request you to allot to me £ ■ the Company's property in priority to or ranking equally with the present , ■?' Mort Sage Debenture Stock bearing- Eight per centum*"peV*aSn&rfi lssll«- Interest, upon the terms provided in the Prospectus, dated the 9th day of' Guaraatoe: Tha due and punctual payment of the interest on the Deben- . . . -!■ ■ ' " tnre Stock and the repayment of the principal at. maturity are guaranteed Außust> 1929, ana I-enclose herewith tile sum of £ ■ unconditionally by Fuller's Pictures Limited and'Hayward's Pictures Ltd ' boin S 20 Per cent, payable on application. ■"■ '"—"""* (each of which Companies has a paid-up capital of £103,375). Tho guaran- , AND I HEREBY FUETHER AGEEE to -cceDt the «M T,^ n w i . Lease and Kental: The New Zealand Picture Supplies Ltd., which is to nay the sum n f * ' , - ■ «. x. ,- " tho executive .company of Puller's Pictures Ltd. and Hayward 4 Pictures P 7 £............. „... beieg the balance of the said stoeirLtd., has taken a lease of the Majestic Theatre for a period of twenty years nr pn „■*, „ f i?^ auo*mon I t „ , from the 13th day of May, 1929. 7 y s or per cent, on allotment and the balance in three quarterly payments Additional rentals aro derived frem shops, offices, restaurant and other w, rTJ °'ent' Sh°Uld a smaller amount of stock be aUotted than I sources, and havo already attained a substantial total CSCa"railt and Other have apphea for, any sun, enclosed herewith shall be adjusted, or an esceas INCOME AND INTEREST. "p^ted to the sum payable o n allotment. . ■ In view of the foregoing guarantees it is unnecessary to itemise the ■ J.ompany s income and interest payments, but this is nevertheless done for '■ the sake of clearness: Name in full .... - . £ s d (Mr, Mrs or Miss) * ""'"■ —=♦*"'•'>-•> Total Kentals from Theatre, Shop-;, Offices, Restaurant, and ' " ' all other sources at £340 per week .... 17 680 0 0 '' " ' Lees intweat on existing mortgage to Public Trustee and" ' Address ..„ „„ _ ...^_ ii.....,,.^.- - a ■ A" Debentures .. ... .. .; .. .. .. _ 7>72Q - 0 0 - . ' ' " ' ' ' Less Land Tax, flutes, Insurance (including eaVthquake'Visk) "1,890 0 0 CC"pa lOn ••••••••—",.-» ..,..., v ... : w.-.«.« The above final balance of £8070 » more than twice fhfamL? "^ '~ ..-• Signature.:... ..,.™..,., t op ; iy thointcrcstonthcpreseat issuo 0£ SSX* • (Cioss out whichever alternative does not apply to your application ,"

w mere Blades tKKLm\- ®& Jlm^ml (Cross Stropper report over a year ol m**^^./ H t —*" f\ I U H^SV'l / Savei its cost the first few months. M I(\ IL "- 1 I I >• amazed at the difference it makes \ JnH sHl^\ V ':'«8«S8^ I WATERWORTHS Ltd \.F^ 116 Lambton Quay, WELLINGTON ' ' —- — MtKt I ffS BALLINGER I! y»v mos' 1™ THE UNIVERSAL SWEET j MANUFACTURERS itwll H|S | ■ j 8.8. BRAND. J|| 1 ' ' ' ■ i The Finest Quality ' j^jji , , . • j JTYDRAULIO DRAWN LEAD TRAPS,' . M..'. ONLY fc r i^f^^ B|lpfs°lf|fi!s l& OIINGTH S .i JA^STEDHAMERSOH'S SWEETS LTB. fi^H - sent, l 4 ct *mp for the new C° mP°'fe^fe^ dHead | " ""^S-ISr*"* W^F "MWBW- Mngic Drying 800, 1 ALI, PLUMBERS' SUPPLIES. I ■ j P.O. Bos 18. l'els. 40-051 and 40-0», i Mi . . . 1 WARIKG TAYLOR S'XREET, i tBSKIKIBIII^If>^^KKtMKKKKtMKHKKKKKKKKKMtMKKtKKMKttKKn^ i Wellington. ■ ' ' -