FORTUNES IN FLAX

Evening Star, Issue 19519, 29 March 1927, Page 5

FORTUNES IN FLAX

One of tho oldest industries in the dominion is the industry of flax-milling. Right through the business it has been based on millers dealing with the phormium tenax found growing in its natural, uncultivated, unassisted state in the swamp areas of the dominion. It is only within recent years that the value of growing and cultivating the plant on a commercial scale has been brought to the fore. Tho flax plant is admittedly the world’s most prolific and valuable fibre plant, giving a greater return per acre than any other fibre known. Unlike other members of the family, it is not an annual planted shrub, as once planted and properly cultivated it will continue to produce indefinitely. By the new methods of cutting three crops can bo obtained in two years. Based on the average selling price of £3O 11s per ton for manufactured fibre during the last seven years, this will give a gross return por acre per annum of £I7G 2s 9d, and shareholders can expect a very large return on capital. New Zealand hemp makes the best binder twine in tho world, and overseas markets will eagerly snap up every pound we can produce. We are at present unable to supply many large orders, simply because we do not produce sufficient.

There is no better or sounder investment before the public than that now offered in our .prospectus. This company docs not offer a speculation or a gamble. It provides an avenue for the investment of capital in a sound business under capable and experienced management. Taken on a conservative basis of calculation on actually realised figures, the shareholders’ capital will average 30 per cent, over a period of nine years, and thereafter will average over 60 per cent.

Those who invest early will he fortunate, as shares in such a company will rapidly increase in value.

The freehold of the land is the property of the shareholders; therefore your investment is protected. Dividends from this investment will be continuous, and become a permanent source of wealth to every shareholder. The industry is wholly exempt from income tax.

The share capital is divided into 70 ; 000 shares of £1 each, and are obtainable on easy terms of payment. No preference shares, no promoters’ shares, no directors’ shares.

The shares are being eagerly taken up, so that intending investors should apply immediately for shares. You cannot afford to let this opportunity pass. Write to-day to the Dunedin office of the South Auckland Elaxgrowcrs, Ltd., Box 100, Dunedin, for free booklet.— [Advt.]