Page 3 Advertisements Column 4

Evening Star, Issue 17956, 1 May 1922, Page 3

A ■MO, Mi’ j 41'4 t^R-sa SELF*F!i.! '■!'•) Ask to see the Kew Streamline Mode! The Aristocrat of Pens. The Pen de luxe. The Pen for the man or woman of tost®, of refinement, of discrimination. THOMAS DE LA, RUE & C 0„ LTD,, Bunhili Row, Loudon, E. 0.1. ONOTO INK—BEST FOR ALL PENS. WANTED Known— That DilUieadr,, Giron- fOTANTED Known—That Billheads, Circu!ars, Card?, Programmes, and Genera! ' v v . hirs, Cards, Programmes, and General Printing of every description aro executed Printing of every description aro at the' ‘Evening Star’ Office at Moderaio at the ‘Evening Star’ Office at Moderate Prices. Prices.

For Bronchial Coughs take Woods’s Great Peppermint Cure.—[Advl.]

i^BiwaragL&dcLcMri!ggxrgezauig,aa^gEßßC^ 7 ’"' •X.: ': IA Yv>y t -,] Ui) ■-: J :i; r d ii 3WP ||!j ; | f f| i <Wf fea I >v; N? i: Aviiii ;V «iu> 4 -a> l.', ■ V / .! H a u& It is a national necessity that New Zealand should have its own Glass Works, because so many Dominion industries are dependent on supplies of glass containers at reasonable rates for their products. These the proposed Company will make and supply with advantage to everybody concerned. WvffWv ie k as * s glass manufacture is s a u Lsiej g oo j supply of " silicate sand.” Close to the site of the proposed works there is an almost inexhaustible supply of the finest “ silicate sand ” in New Zealand, if not in the world ; the Government Analyst’s report showing it to be 98.26 per cent, pure silica. The serious loss (estimated to be over 25 per cent.) with every shipment of glassware from Overseas increases costs almost to strangling point. Th'rdlv ie ompany Wl 'H 1 36 equipped with new machinery, of latest pattern, which means that the quality of local products will be better than that of imported glassware. This particularly applies to bottles. It must be noted that the Company will instal an ‘‘Owens ” machine among others. This question of new plant is an important one, as it will put the New Zealand Glass Works in a most advantageous position to successfully compete with manufacturers outside the Dominion. Hie Company is essentially a safe investment. The money is to be spent on plant, land and buildings. Ihe market for its products is ready and waiting. The annual imports of glassware into the Dominion in 1920 totalled £604,975. Empty bottles alone amounted to £125,163 ; plain glass jars, £23,523 ; crown, sheet, and common window glass, £231,865 —all these are within the scope of the New Zealand Glass Works. , What is being done in Australia can bp done iJlJClhlij/ j n |\i ew Zealand, where the conditions of labour, etc., are similar. According to the “ Australian Investment Digest” (page 221, August, 1921), the Australian Glass Manufacturers Ltd. added £74,548 to reserves over a period of five years’ trading. Of this amount £39,429 was capitalised in June, 1920, when one share for every seven held was given to the shareholders. In addition to this, a 10 per cent, dividend was paid for the year ending March, 1921. fJ? The initial plant, it is estimated, will proHz cluce £ 1,000 worth of bottles a week at a cost of £587 7s. 2d. This leaves a weekly profit of £412 12s. 10d. Working for eleven months a year, the annual net profit, after allowing for overhaul, 33 £ per cent, for depreciation, overhead expenses, etc., is £12,878 16s. Ihese figures are based on actual costs of March, 1920. The completed works will produce four times this amount. &l<rh*hfv ie k ac^ng manufacturers using bottles and b rewers j iave agreed to purchase their supplies from the Company, conditions being equal, or nearly equal, in preference to going outside the Dominion for supplies. It is estimated that this will, with the initial plant, place the Company on a profitable basis of manufacturing in six months,, venti it ii W 11; wa VA f, ..: t l * \Mi H » I (a M k; l>. r T ® c; LI; I, £! JILLI’A! (A Company to be incorporated under t( The Companies Act, I9QS /l } El ClZki 'lk {/ (A ■' Divided Into l 1 50,000 Shares of a£ i esidi Of which 96,000 Shares arc offered to Hie public on the following terms:—s/- per Share on application; 5/- per share on allotment; and the balance in culls of not more than -/6 per Share at intervals of not less than one month. Four thousand Shares, fully paid up, are to bo allotted as ijjiovnx in the Prospectus. Fifty thousand Shares are to be held in reserve for future issue if necessary, or may bo issued in such manner or for such purpose as the Directors of the Company may determine. PROVISIONAL DIRECTORS: (Who will hold office until the conclusion of the statutory meeting at which the permanent Directors will be appointed.) WILLIAM DAMAGE TATE, Christchurch, Glassworks Manager. JOHN ALEXANDER REDPATH, Junr., Christchurch, Merchant. ALEXANDER. STOREIE DUNCAN, Christchurch, Company Manager. I BANKEES : THE NATIONAL BANK OF NEW ZEALAND LTD., Christchurch. SOLICITORS : GARRICK, COWL!SHAW, ALPERS, and NIOHOLLS, Christchurch. INTERIM SECRETARY: F. W. DEIGHTON, F.C.A.A., IS3 Cashel Street, Christchurch. CHIEF BROKERS : STEWART, BECKETT & CO., 152 Hereford Street, Christchurch. TKE OBJECTS The Company is being formed for the purpose of securing a suit able site at Hornby, Christchuroll. New Zealand, end erecting (hereon suitable buildings and plant for the purpose of the manufacture of glassware of ail descriptions, and to carry on the business of Glassware Manufacturers or any branch of the industry, and to market the products of such manufacture and business incidental thereto. MINIMUM! SUBSCRIPTION The minimum subscription on which ths Directors may proceed to allotment is 35,000 shares, representing a nominal value of thirty-five thousand pounds. apply FI (flVl V A /0:\ id G %A. A . m w l% c> telh MAV)' 'v iLjj 'easy Any Member of the Christchurch, Wellington, or Auckland Slock Exchange. ■1 S )| SMITH & QUICK, Dunedin. The Company’s Chief Brokers: STEWART, BECKETT & CO., 152 Hereford St, Ch. Ch. Or from Any Branch of the Company’s Bankers: The National Bank of New Zealand. The Company will pav exchange on all monies remitted by applicants. Applications will bo dealt with, in order of their receipt, and, in case of being over-subsoribed, tho Directors rcaorvo the right to make pro rata allotment, or to decline any allotment. Prospectuses obtainable from tlie above addresses Goldberg 3 .i ;-trrr Brntsmamaeiassßasa^^