TO INVESTORS.

Hawera & Normanby Star, Volume XLII, Issue XLII, 9 December 1922, Page 6

TO INVESTORS.

ISSUE OF PEEFEEENCE SHAftES IN WELL-ESTABLISHED HAWEEA BUSINESS.

The attention :6f investors is called to an Issue of Preference Shares by the Hawera Sash and Door Company LtdThis business was founded by Messrs. Twigg and Co. about thirty years ago,, and was carried on by them, and later by Messrs. Quin Bros, until 1920, when: it was acquired by the^present company. During the time of Messrs. Quin Bros, the business was recognised as one of the most successful of its--kind in the North Island. Notwithstanding the recent financial depression, it is stated that the trade of the company has been well maintained, and. there is at the 'present time, only oneother Sash and Door Company situated! in the large district between Wanganui. and New Plymouth. . It is desirable that support of this; venture should be given by local residents, as the Company, in addition torendering service to the building and joinery trades, provides employment to^ many people in the district. As interest rat^s are, on the down, grade (the first reduction of bank rateis announced for Ist January next), am investment which gives a return of 7 per cent, free of income tax is one that will strongly recommend itself to investors. Those who take up Preference Shares in this issue are entitled. to participate equally with ordinaryshareholders in any surplus profit that remains after ordinary shareholders; have received 7 per cent. The net assets of the Company are valued at £31,093 8s 4d, which meansthat the issue of £16,000 Preference Shares will be secured by practically £2 for every £ invested. The shareholders have so much faith in the concern that they have already subscribed £4500 towards the present issue. The advertisement will be found on page 5. Copies of the prospectus can be obtained from Halliwell, Spratt and Thomson, Solicitors, Hawera; Hugh B. Burdekin, Broker, Hawera; or from any branch of the National Bank of New Zealand.*